MF vs PERF: Correlation
Measured on weekly returns over the past three years, MindForge Inc. - Class A (MF) and Perfect Corp. Class A (PERF) 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 MF and PERF?
Over the past 3 years, MF and PERF moved with a correlation of 0.45, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.08 versus 0.45 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 21110.6 %².
Within MF's tracked universe of 23 assets, PERF comes in at #15 by 3-year correlation. The last year tells two different stories: PERF led by 60.3 percentage points, -71.6% for MF against -11.3% for PERF. Risk is not evenly split, since MF carries 14.7 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 PERF: side by side
| MF (MindForge Inc. - Class A) | PERF (Perfect Corp. Class A) | |
|---|---|---|
| 1-year return | -71.6% | -11.3% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 830.3% | 56.3% |
| Beta vs S&P 500 | 3.38 | 0.93 |
| Max drawdown (3Y) | -99.7% | -67.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 31.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MF | PERF |
|---|---|---|
| 2023 | – | -56.6% |
| 2024 | – | -8.7% |
| 2025 | -40.7% | -36.0% |
| 2026 | -62.4% | +3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MF and PERF good diversifiers for each other?
Reasonably. At 0.45, MF and PERF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MF and PERF?
The MF/PERF correlation stands at 0.45 on a 3-year window (1 year: 0.08, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PERF a good diversifier for MF?
Reasonably. At 0.45, MF and PERF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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-perf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mf-vs-perf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MF correlations · PERF correlations
