MF vs SMTK: Correlation
Measured on weekly returns over the past three years, MindForge Inc. - Class A (MF) and SmartKem, Inc. (SMTK) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MF and SMTK?
Over the past 3 years, MF and SMTK moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (-0.12) runs below the 3-year figure (0.39). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 52279.5 %².
By 3-year correlation, SMTK places #17 of the 23 assets tracked against MF. Correlation aside, the last 12 months split them widely, with MF ahead by 17.5 points (-71.6% versus -89.1%). Note the risk asymmetry: MF runs 5.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SMTK: side by side
| MF (MindForge Inc. - Class A) | SMTK (SmartKem, Inc.) | |
|---|---|---|
| 1-year return | -71.6% | -89.1% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 830.3% | 155.8% |
| Beta vs S&P 500 | 3.38 | -0.16 |
| Max drawdown (3Y) | -99.7% | -99.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Are MF and SMTK good diversifiers for each other?
Reasonably. At 0.39, MF and SMTK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MF and SMTK?
The MF/SMTK correlation stands at 0.39 on a 3-year window (1 year: -0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SMTK a good diversifier for MF?
Reasonably. At 0.39, MF and SMTK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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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Related comparisons
Hubs: MF correlations · SMTK correlations
