MIRA vs NSPR: Correlation
MIRA Pharmaceuticals, Inc. (MIRA) and InspireMD Inc. (NSPR) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIRA and NSPR?
Over the past 3 years, MIRA and NSPR moved with a correlation of 0.33, which is moderate. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.33). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4107.8 %².
Within MIRA's tracked universe of 16 assets, NSPR comes in at #7 by 3-year correlation. The last year tells two different stories: MIRA led by 19.8 percentage points, -43.8% for MIRA against -63.6% for NSPR. Note the risk asymmetry: MIRA runs 3.6 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.
MIRA vs NSPR: side by side
| MIRA (MIRA Pharmaceuticals, Inc.) | NSPR (InspireMD Inc.) | |
|---|---|---|
| 1-year return | -43.8% | -63.6% |
| 5-year return | n/a | -80.3% |
| Volatility (ann.) | 211.2% | 58.4% |
| Beta vs S&P 500 | -0.07 | 0.05 |
| Max drawdown (3Y) | -91.5% | -82.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MIRA | NSPR |
|---|---|---|
| 2022 | – | -71.5% |
| 2023 | – | +226.7% |
| 2024 | +8.6% | -6.4% |
| 2025 | +32.5% | -32.3% |
| 2026 | -49.0% | -50.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIRA and NSPR 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 MIRA and NSPR?
As of 2026-08-27, the correlation of weekly returns between MIRA and NSPR is 0.33 over 3 years, 0.05 over 1 year and n/a over 5 years.
Is NSPR a good diversifier for MIRA?
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/mira-vs-nspr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mira-vs-nspr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MIRA correlations · NSPR correlations
