MGRX vs MRX: Correlation
Measured on weekly returns over the past three years, Mangoceuticals, Inc. (MGRX) and Marex Group Limited (MRX) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGRX and MRX?
Across a 3-year window, the weekly returns of MGRX and MRX correlate at 0.32, moderate. The link has tightened recently: the 1-year correlation (0.43) runs above the 3-year figure (0.32). Stretching to 5 years gives n/a, with an annualized covariance of 2342.4 %².
Within MGRX's tracked universe of 10 assets, MRX comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MRX ahead by 179.2 points (-79.6% versus +99.6%). Risk is not evenly split, since MGRX carries 4.5 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.
MGRX vs MRX: side by side
| MGRX (Mangoceuticals, Inc.) | MRX (Marex Group Limited) | |
|---|---|---|
| 1-year return | -79.6% | +99.6% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 178.7% | 39.3% |
| Beta vs S&P 500 | -1.27 | 0.44 |
| Max drawdown (3Y) | -99.1% | -41.1% |
| Market cap | – | – |
| P/E (trailing) | – | 14.6 |
| Dividend yield | 0.00% | 1.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGRX | MRX |
|---|---|---|
| 2024 | -41.8% | – |
| 2025 | -69.4% | +25.1% |
| 2026 | -45.9% | +87.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGRX and MRX good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MGRX and MRX?
As of 2026-08-27, the correlation of weekly returns between MGRX and MRX is 0.32 over 3 years, 0.43 over 1 year and n/a over 5 years.
Is MRX a good diversifier for MGRX?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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-mrx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mgrx-vs-mrx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MGRX correlations · MRX correlations
