MDIA vs XXII: Correlation
Measured on weekly returns over the past three years, Mediaco Holding Inc. (MDIA) and 22nd Century Group, Inc (XXII) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDIA and XXII?
Over the past 3 years, MDIA and XXII moved with a correlation of 0.45, which is moderate. The link has loosened recently: the 1-year correlation (-0.09) runs below the 3-year figure (0.45). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 20861.1 %².
Within MDIA's tracked universe of 10 assets, XXII comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MDIA outperformed by 78.8 percentage points (-20.6% for MDIA against -99.4% for XXII). Risk is not evenly split, since MDIA carries 3.3 times the volatility of the other side.
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.
MDIA vs XXII: side by side
| MDIA (Mediaco Holding Inc.) | XXII (22nd Century Group, Inc) | |
|---|---|---|
| 1-year return | -20.6% | -99.4% |
| 5-year return | -89.6% | -100.0% |
| Volatility (ann.) | 389.4% | 119.0% |
| Beta vs S&P 500 | -0.94 | 2.06 |
| Max drawdown (3Y) | -90.2% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MDIA | XXII |
|---|---|---|
| 2022 | -78.5% | -70.2% |
| 2023 | -62.6% | -98.7% |
| 2024 | +165.1% | -98.7% |
| 2025 | -49.1% | -99.4% |
| 2026 | +79.3% | -98.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDIA and XXII good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MDIA and XXII?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with -0.09 over the last year and 0.35 over 5 years.
Is XXII a good diversifier for MDIA?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mdia-vs-xxii.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mdia-vs-xxii/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MDIA correlations · XXII correlations
