MFI vs SPCB: Correlation
Measured on weekly returns over the past three years, mF International Limited - Class A (MFI) and SuperCom, Ltd. (SPCB) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MFI and SPCB?
Across a 3-year window, the weekly returns of MFI and SPCB correlate at 0.40, moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.40). Stretching to 5 years gives n/a, with an annualized covariance of 8644.7 %².
By 3-year correlation, SPCB places #7 of the 16 assets tracked against MFI. The last year tells two different stories: SPCB led by 87.4 percentage points, -75.3% for MFI against +12.1% for SPCB. Note the risk asymmetry: MFI runs 1.5 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.
MFI vs SPCB: side by side
| MFI (mF International Limited - Class A) | SPCB (SuperCom, Ltd.) | |
|---|---|---|
| 1-year return | -75.3% | +12.1% |
| 5-year return | n/a | -95.6% |
| Volatility (ann.) | 180.8% | 119.2% |
| Beta vs S&P 500 | 2.81 | 1.19 |
| Max drawdown (3Y) | -95.8% | -84.7% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | 5.2 | 14.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MFI | SPCB |
|---|---|---|
| 2022 | – | -68.2% |
| 2023 | – | -78.1% |
| 2024 | – | -38.2% |
| 2025 | +245.6% | +87.8% |
| 2026 | -50.9% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MFI and SPCB good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MFI and SPCB?
The MFI/SPCB correlation stands at 0.40 on a 3-year window (1 year: 0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SPCB a good diversifier for MFI?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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/mfi-vs-spcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mfi-vs-spcb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MFI correlations · SPCB correlations
