MI vs ORMP: Correlation
Measured on weekly returns over the past three years, NFT Limited Class A (MI) and Oramed Pharmaceuticals Inc. (ORMP) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MI and ORMP?
Across a 3-year window, the weekly returns of MI and ORMP correlate at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.18). Stretching to 5 years gives -0.08, with an annualized covariance of -37578.9 %².
Among the 32 assets we track against MI, ORMP ranks #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ORMP ahead by 157.8 points (-10.3% versus +147.5%). Risk is not evenly split, since MI carries 94.0 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.
MI vs ORMP: side by side
| MI (NFT Limited Class A) | ORMP (Oramed Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | -10.3% | +147.5% |
| 5-year return | -99.5% | -71.1% |
| Volatility (ann.) | 4443.9% | 47.3% |
| Beta vs S&P 500 | 8.21 | 0.65 |
| Max drawdown (3Y) | -98.5% | -50.3% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 1.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MI | ORMP |
|---|---|---|
| 2022 | -86.4% | -15.8% |
| 2023 | -66.2% | -80.8% |
| 2024 | -61.9% | +4.8% |
| 2025 | +13.3% | +17.8% |
| 2026 | -28.9% | +92.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MI and ORMP good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MI and ORMP?
The MI/ORMP correlation stands at -0.18 on a 3-year window (1 year: -0.32, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is ORMP a good diversifier for MI?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mi-vs-ormp.json
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Related comparisons
Hubs: MI correlations · ORMP correlations
