MF vs NTRP: Correlation
How closely do MindForge Inc. - Class A (MF) and NextTrip, Inc. (NTRP) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MF and NTRP?
Over the past 3 years, MF and NTRP moved with a correlation of 0.58, which is moderate. The link has loosened recently: the 1-year correlation (-0.13) runs below the 3-year figure (0.58). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 60179.6 %².
By 3-year correlation, NTRP places #6 of the 23 assets tracked against MF. On 12-month performance NTRP holds a 9.8-point edge, -71.6% against -61.8%. Risk is not evenly split, since MF carries 5.9 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.
MF vs NTRP: side by side
| MF (MindForge Inc. - Class A) | NTRP (NextTrip, Inc.) | |
|---|---|---|
| 1-year return | -71.6% | -61.8% |
| 5-year return | n/a | -98.0% |
| Volatility (ann.) | 830.3% | 139.9% |
| Beta vs S&P 500 | 3.38 | 0.04 |
| Max drawdown (3Y) | -99.7% | -84.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MF | NTRP |
|---|---|---|
| 2022 | – | -78.3% |
| 2023 | – | -62.2% |
| 2024 | – | +99.5% |
| 2025 | -40.7% | -46.4% |
| 2026 | -62.4% | -57.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MF and NTRP good diversifiers for each other?
Only partially. A correlation of 0.58 means MF and NTRP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MF and NTRP?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with -0.13 over the last year and n/a over 5 years.
Is NTRP a good diversifier for MF?
Only partially. A correlation of 0.58 means MF and NTRP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/mf-vs-ntrp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mf-vs-ntrp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MF correlations · NTRP correlations
