MIRA vs RSG: Correlation
Measured on weekly returns over the past three years, MIRA Pharmaceuticals, Inc. (MIRA) and Republic Services (RSG) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIRA and RSG?
Over the past 3 years, MIRA and RSG moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.26). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -907.3 %².
Among the 16 assets we track against MIRA, RSG ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RSG ahead by 38.2 points (-43.8% versus -5.6%). One caveat on sizing: MIRA is 13.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RSG: side by side
| MIRA (MIRA Pharmaceuticals, Inc.) | RSG (Republic Services) | |
|---|---|---|
| 1-year return | -43.8% | -5.6% |
| 5-year return | n/a | +87.9% |
| Volatility (ann.) | 211.2% | 16.2% |
| Beta vs S&P 500 | -0.07 | 0.17 |
| Max drawdown (3Y) | -91.5% | -22.5% |
| Market cap | – | $67.1B |
| P/E (trailing) | – | 31.0 |
| Dividend yield | 0.00% | 1.13% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MIRA | RSG |
|---|---|---|
| 2022 | – | -6.2% |
| 2023 | – | +29.6% |
| 2024 | +8.6% | +23.0% |
| 2025 | +32.5% | +6.4% |
| 2026 | -49.0% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIRA and RSG good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MIRA and RSG?
The MIRA/RSG correlation stands at -0.26 on a 3-year window (1 year: -0.06, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RSG a good diversifier for MIRA?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/mira-vs-rsg.json
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Related comparisons
Hubs: MIRA correlations · RSG correlations
