MGRX vs RDGT: Correlation
Mangoceuticals, Inc. (MGRX) and Ridgetech, Inc. (RDGT) show a negative relationship: their 3-year correlation of weekly returns is -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGRX and RDGT?
Across a 3-year window, the weekly returns of MGRX and RDGT correlate at -0.38, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.49) than the 3-year average (-0.38). Stretching to 5 years gives n/a, with an annualized covariance of -8288.3 %².
RDGT is close to the least connected end of MGRX's tracked universe, ranking #10 of 10. Correlation aside, the last 12 months split them widely, with MGRX ahead by 19.9 points (-79.6% versus -99.5%).
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 RDGT: side by side
| MGRX (Mangoceuticals, Inc.) | RDGT (Ridgetech, Inc.) | |
|---|---|---|
| 1-year return | -79.6% | -99.5% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 178.7% | 120.7% |
| Beta vs S&P 500 | -1.27 | 0.28 |
| Max drawdown (3Y) | -99.1% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGRX | RDGT |
|---|---|---|
| 2022 | – | -21.5% |
| 2023 | – | -93.9% |
| 2024 | -41.8% | -59.8% |
| 2025 | -69.4% | +61.0% |
| 2026 | -45.9% | -99.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGRX and RDGT good diversifiers for each other?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MGRX and RDGT?
The MGRX/RDGT correlation stands at -0.38 on a 3-year window (1 year: -0.49, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RDGT a good diversifier for MGRX?
Yes: at -0.38, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 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.
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Related comparisons
Hubs: MGRX correlations · RDGT correlations
