MGX vs SNES: Correlation
Measured on weekly returns over the past three years, Metagenomi Therapeutics, Inc. (MGX) and SenesTech, Inc. (SNES) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGX and SNES?
On 3 years of weekly data the MGX/SNES correlation comes out at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.41 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 3150.5 %².
Within MGX's tracked universe of 18 assets, SNES comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MGX ahead by 41.8 points (-34.9% versus -76.7%).
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 SNES: side by side
| MGX (Metagenomi Therapeutics, Inc.) | SNES (SenesTech, Inc.) | |
|---|---|---|
| 1-year return | -34.9% | -76.7% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 86.5% | 104.7% |
| Beta vs S&P 500 | 1.23 | 1.31 |
| Max drawdown (3Y) | -90.7% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGX | SNES |
|---|---|---|
| 2022 | – | -84.2% |
| 2023 | – | -96.6% |
| 2024 | – | -73.9% |
| 2025 | -55.1% | -35.3% |
| 2026 | -25.3% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGX and SNES good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MGX and SNES?
As of 2026-08-27, the correlation of weekly returns between MGX and SNES is 0.41 over 3 years, 0.23 over 1 year and n/a over 5 years.
Is SNES a good diversifier for MGX?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/mgx-vs-snes.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mgx-vs-snes/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MGX correlations · SNES correlations
