MBRX vs TOP: Correlation
How closely do Moleculin Biotech, Inc. (MBRX) and TOP Financial Group Limited - Class A (TOP) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBRX and TOP?
Over the past 3 years, MBRX and TOP moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.61) than the 3-year average (-0.27). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -9799.8 %².
Out of 13 assets tracked against MBRX, TOP lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months TOP outperformed by 1313.4 percentage points (-95.5% for MBRX against +1217.9% for TOP).
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 TOP: side by side
| MBRX (Moleculin Biotech, Inc.) | TOP (TOP Financial Group Limited - Class A) | |
|---|---|---|
| 1-year return | -95.5% | +1217.9% |
| 5-year return | -99.9% | -9.2% |
| Volatility (ann.) | 160.4% | 230.2% |
| Beta vs S&P 500 | 1.10 | 1.60 |
| Max drawdown (3Y) | -99.9% | -89.6% |
| Market cap | – | $1.9B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBRX | TOP |
|---|---|---|
| 2022 | -43.0% | – |
| 2023 | -19.1% | -22.5% |
| 2024 | -86.8% | -59.5% |
| 2025 | -92.2% | -34.3% |
| 2026 | -79.2% | +1434.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBRX and TOP good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between MBRX and TOP?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.61 over the last year and -0.07 over 5 years.
Is TOP a good diversifier for MBRX?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mbrx-vs-top.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mbrx-vs-top/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MBRX correlations · TOP correlations
