MGRX vs TBN: Correlation
Mangoceuticals, Inc. (MGRX) and Tamboran Resources Corporation (TBN) show a moderate 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 TBN?
Over the past 3 years, MGRX and TBN moved with a correlation of 0.38, which is moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3726.7 %².
TBN is one of the assets that tracks MGRX most closely: it ranks #3 out of the 10 assets we track against MGRX. The last year tells two different stories: TBN led by 166.3 percentage points, -79.6% for MGRX against +86.7% for TBN. Note the risk asymmetry: MGRX runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TBN: side by side
| MGRX (Mangoceuticals, Inc.) | TBN (Tamboran Resources Corporation) | |
|---|---|---|
| 1-year return | -79.6% | +86.7% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 178.7% | 52.6% |
| Beta vs S&P 500 | -1.27 | -0.08 |
| Max drawdown (3Y) | -99.1% | -38.6% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGRX | TBN |
|---|---|---|
| 2024 | -41.8% | – |
| 2025 | -69.4% | +29.7% |
| 2026 | -45.9% | +38.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGRX and TBN good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MGRX and TBN?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.46 over the last year and n/a over 5 years.
Is TBN a good diversifier for MGRX?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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.
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Related comparisons
Hubs: MGRX correlations · TBN correlations
