MDXH vs RMCF: Correlation
How closely do MDxHealth SA (MDXH) and Rocky Mountain Chocolate Factory, Inc. (RMCF) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDXH and RMCF?
Over the past 3 years, MDXH and RMCF moved with a correlation of 0.40, which is moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.40). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 2395.6 %².
By 3-year correlation, RMCF places #8 of the 14 assets tracked against MDXH. The last year tells two different stories: RMCF led by 60.0 percentage points, -79.9% for MDXH against -19.9% for RMCF.
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.
MDXH vs RMCF: side by side
| MDXH (MDxHealth SA) | RMCF (Rocky Mountain Chocolate Factory, Inc.) | |
|---|---|---|
| 1-year return | -79.9% | -19.9% |
| 5-year return | -94.0% | -84.3% |
| Volatility (ann.) | 86.5% | 68.5% |
| Beta vs S&P 500 | 1.97 | 0.77 |
| Max drawdown (3Y) | -92.0% | -87.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MDXH | RMCF |
|---|---|---|
| 2022 | -30.6% | -27.4% |
| 2023 | -40.4% | -19.3% |
| 2024 | -39.8% | -47.2% |
| 2025 | +50.6% | -21.8% |
| 2026 | -79.8% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDXH and RMCF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MDXH and RMCF?
As of 2026-08-27, the correlation of weekly returns between MDXH and RMCF is 0.40 over 3 years, 0.68 over 1 year and 0.31 over 5 years.
Is RMCF a good diversifier for MDXH?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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.
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Hubs: MDXH correlations · RMCF correlations
