MDXG vs SBCF: Correlation
MiMedx Group, Inc (MDXG) and Seacoast Banking Corporation of Florida (SBCF) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDXG and SBCF?
On 3 years of weekly data the MDXG/SBCF correlation comes out at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.08 versus 0.44 over 3 years. The 5-year figure is 0.20, and annualized covariance runs at 590.4 %².
Among the 10 assets we track against MDXG, SBCF ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SBCF outperformed by 49.8 percentage points (-37.1% for MDXG against +12.7% for SBCF).
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.
MDXG vs SBCF: side by side
| MDXG (MiMedx Group, Inc) | SBCF (Seacoast Banking Corporation of Florida) | |
|---|---|---|
| 1-year return | -37.1% | +12.7% |
| 5-year return | -69.1% | +23.0% |
| Volatility (ann.) | 43.2% | 30.8% |
| Beta vs S&P 500 | 0.71 | 0.96 |
| Max drawdown (3Y) | -68.3% | -27.8% |
| Market cap | $0.7B | $3.3B |
| P/E (trailing) | 112.8 | 22.3 |
| Dividend yield | 0.00% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MDXG | SBCF |
|---|---|---|
| 2022 | -54.0% | -10.1% |
| 2023 | +215.5% | -6.0% |
| 2024 | +9.7% | -0.5% |
| 2025 | -29.6% | +17.1% |
| 2026 | -33.4% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDXG and SBCF good diversifiers for each other?
Reasonably. At 0.44, MDXG and SBCF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MDXG and SBCF?
As of 2026-08-27, the correlation of weekly returns between MDXG and SBCF is 0.44 over 3 years, 0.08 over 1 year and 0.20 over 5 years.
Is SBCF a good diversifier for MDXG?
Reasonably. At 0.44, MDXG and SBCF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/mdxg-vs-sbcf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mdxg-vs-sbcf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MDXG correlations · SBCF correlations
