MBRX vs NIVF: Correlation
How closely do Moleculin Biotech, Inc. (MBRX) and NewGenIvf Group Limited - Class A (NIVF) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBRX and NIVF?
Over the past 3 years, MBRX and NIVF moved with a correlation of 0.63, which is strong. The past 12 months show a weaker link (0.10) than the 3-year average (0.63). Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 81086.7 %².
In MBRX's tracked universe of 13 assets, NIVF sits right near the top at #2. Twelve-month performance is nearly a tie, at -95.5% for MBRX and -99.9% for NIVF. One caveat on sizing: NIVF is 5.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MBRX vs NIVF: side by side
| MBRX (Moleculin Biotech, Inc.) | NIVF (NewGenIvf Group Limited - Class A) | |
|---|---|---|
| 1-year return | -95.5% | -99.9% |
| 5-year return | -99.9% | -100.0% |
| Volatility (ann.) | 160.4% | 800.3% |
| Beta vs S&P 500 | 1.10 | 5.34 |
| Max drawdown (3Y) | -99.9% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBRX | NIVF |
|---|---|---|
| 2022 | -43.0% | – |
| 2023 | -19.1% | +6.9% |
| 2024 | -86.8% | -96.3% |
| 2025 | -92.2% | -99.3% |
| 2026 | -79.2% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBRX and NIVF good diversifiers for each other?
Only partially. A correlation of 0.63 means MBRX and NIVF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MBRX and NIVF?
As of 2026-08-27, the correlation of weekly returns between MBRX and NIVF is 0.63 over 3 years, 0.10 over 1 year and 0.61 over 5 years.
Is NIVF a good diversifier for MBRX?
Only partially. A correlation of 0.63 means MBRX and NIVF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: MBRX correlations · NIVF correlations
