MDXG vs TCBK: Correlation
Measured on weekly returns over the past three years, MiMedx Group, Inc (MDXG) and TriCo Bancshares (TCBK) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDXG and TCBK?
On 3 years of weekly data the MDXG/TCBK correlation comes out at 0.44, moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.44). The 5-year figure is 0.14, and annualized covariance runs at 553.9 %².
By 3-year correlation, TCBK places #5 of the 10 assets tracked against MDXG. The last year tells two different stories: TCBK led by 59.0 percentage points, -37.1% for MDXG against +21.9% for TCBK.
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 TCBK: side by side
| MDXG (MiMedx Group, Inc) | TCBK (TriCo Bancshares) | |
|---|---|---|
| 1-year return | -37.1% | +21.9% |
| 5-year return | -69.1% | +59.3% |
| Volatility (ann.) | 43.2% | 29.1% |
| Beta vs S&P 500 | 0.71 | 0.76 |
| Max drawdown (3Y) | -68.3% | -27.9% |
| Market cap | $0.7B | $1.7B |
| P/E (trailing) | 112.8 | 13.0 |
| Dividend yield | 0.00% | 2.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MDXG | TCBK |
|---|---|---|
| 2022 | -54.0% | +21.5% |
| 2023 | +215.5% | -13.0% |
| 2024 | +9.7% | +5.1% |
| 2025 | -29.6% | +11.9% |
| 2026 | -33.4% | +15.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDXG and TCBK good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MDXG and TCBK?
The MDXG/TCBK correlation stands at 0.44 on a 3-year window (1 year: 0.27, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is TCBK a good diversifier for MDXG?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mdxg-vs-tcbk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mdxg-vs-tcbk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MDXG correlations · TCBK correlations
