MGLD vs REBN: Correlation
How closely do The Marygold Companies, Inc. (MGLD) and Reborn Coffee, Inc. (REBN) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGLD and REBN?
Across a 3-year window, the weekly returns of MGLD and REBN correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.03) runs above the 3-year figure (-0.23). Stretching to 5 years gives -0.20, with an annualized covariance of -2895.0 %².
Out of 16 assets tracked against MGLD, REBN lands near the bottom at #12. The last year tells two different stories: MGLD led by 61.5 percentage points, +8.7% for MGLD against -52.8% for REBN. Risk is not evenly split, since REBN carries 2.1 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.
MGLD vs REBN: side by side
| MGLD (The Marygold Companies, Inc.) | REBN (Reborn Coffee, Inc.) | |
|---|---|---|
| 1-year return | +8.7% | -52.8% |
| 5-year return | -70.5% | n/a |
| Volatility (ann.) | 77.2% | 162.3% |
| Beta vs S&P 500 | -0.28 | 1.65 |
| Max drawdown (3Y) | -66.8% | -87.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGLD | REBN |
|---|---|---|
| 2023 | -29.3% | -30.5% |
| 2024 | +66.0% | -63.6% |
| 2025 | -49.8% | -10.2% |
| 2026 | +13.3% | -10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGLD and REBN good diversifiers for each other?
Yes. With a correlation of -0.23, MGLD and REBN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MGLD and REBN?
The MGLD/REBN correlation stands at -0.23 on a 3-year window (1 year: 0.03, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is REBN a good diversifier for MGLD?
Yes. With a correlation of -0.23, MGLD and REBN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/mgld-vs-rebn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mgld-vs-rebn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MGLD correlations · REBN correlations
