MGX vs MIND: Correlation
Measured on weekly returns over the past three years, Metagenomi Therapeutics, Inc. (MGX) and MIND Technology, Inc. (MIND) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGX and MIND?
Across a 3-year window, the weekly returns of MGX and MIND correlate at 0.33, moderate. The past 12 months show a weaker link (0.11) than the 3-year average (0.33). Stretching to 5 years gives n/a, with an annualized covariance of 2383.8 %².
Within MGX's tracked universe of 18 assets, MIND comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MGX outperformed by 21.0 percentage points (-34.9% for MGX against -55.9% for MIND).
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.
MGX vs MIND: side by side
| MGX (Metagenomi Therapeutics, Inc.) | MIND (MIND Technology, Inc.) | |
|---|---|---|
| 1-year return | -34.9% | -55.9% |
| 5-year return | n/a | -77.3% |
| Volatility (ann.) | 86.5% | 79.5% |
| Beta vs S&P 500 | 1.23 | 0.91 |
| Max drawdown (3Y) | -90.7% | -70.0% |
| Market cap | – | – |
| P/E (trailing) | – | 27.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGX | MIND |
|---|---|---|
| 2022 | – | -72.8% |
| 2023 | – | +43.3% |
| 2024 | – | +20.5% |
| 2025 | -55.1% | +10.7% |
| 2026 | -25.3% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGX and MIND 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 MGX and MIND?
As of 2026-08-27, the correlation of weekly returns between MGX and MIND is 0.33 over 3 years, 0.11 over 1 year and n/a over 5 years.
Is MIND a good diversifier for MGX?
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?
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/mgx-vs-mind.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mgx-vs-mind/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MGX correlations · MIND correlations
