MGRX vs MKDW: Correlation
Mangoceuticals, Inc. (MGRX) and MKDWELL Tech Inc. (MKDW) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGRX and MKDW?
Over the past 3 years, MGRX and MKDW moved with a correlation of 0.33, which is moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.33). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 7793.2 %².
Within MGRX's tracked universe of 10 assets, MKDW comes in at #4 by 3-year correlation. The last year tells two different stories: MKDW led by 162.7 percentage points, -79.6% for MGRX against +83.1% for MKDW.
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.
MGRX vs MKDW: side by side
| MGRX (Mangoceuticals, Inc.) | MKDW (MKDWELL Tech Inc.) | |
|---|---|---|
| 1-year return | -79.6% | +83.1% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 178.7% | 130.7% |
| Beta vs S&P 500 | -1.27 | 1.90 |
| Max drawdown (3Y) | -99.1% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGRX | MKDW |
|---|---|---|
| 2024 | -41.8% | -91.3% |
| 2025 | -69.4% | -82.6% |
| 2026 | -45.9% | +138.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGRX and MKDW good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MGRX and MKDW?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.70 over the last year and n/a over 5 years.
Is MKDW a good diversifier for MGRX?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/mgrx-vs-mkdw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mgrx-vs-mkdw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MGRX correlations · MKDW correlations
