MGPI vs TVGN: Correlation
Measured on weekly returns over the past three years, MGP Ingredients, Inc. (MGPI) and Tevogen Inc. (TVGN) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGPI and TVGN?
On 3 years of weekly data the MGPI/TVGN correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.05 versus -0.27 over 3 years. The 5-year figure is -0.23, and annualized covariance runs at -2596.0 %².
Among the 11 assets we track against MGPI, TVGN sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with MGPI ahead by 41.3 points (-44.0% versus -85.3%). One caveat on sizing: TVGN is 6.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MGPI vs TVGN: side by side
| MGPI (MGP Ingredients, Inc.) | TVGN (Tevogen Inc.) | |
|---|---|---|
| 1-year return | -44.0% | -85.3% |
| 5-year return | -73.6% | -98.6% |
| Volatility (ann.) | 40.4% | 242.2% |
| Beta vs S&P 500 | 0.75 | 0.66 |
| Max drawdown (3Y) | -86.5% | -99.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.75% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGPI | TVGN |
|---|---|---|
| 2022 | +25.8% | – |
| 2023 | -7.0% | +7.7% |
| 2024 | -59.8% | -90.7% |
| 2025 | -37.3% | -67.9% |
| 2026 | -31.7% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGPI and TVGN good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between MGPI and TVGN?
As of 2026-08-27, the correlation of weekly returns between MGPI and TVGN is -0.27 over 3 years, -0.05 over 1 year and -0.23 over 5 years.
Is TVGN a good diversifier for MGPI?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mgpi-vs-tvgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mgpi-vs-tvgn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MGPI correlations · TVGN correlations
