MIRA vs TKNO: Correlation
Measured on weekly returns over the past three years, MIRA Pharmaceuticals, Inc. (MIRA) and Alpha Teknova, Inc. (TKNO) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIRA and TKNO?
Across a 3-year window, the weekly returns of MIRA and TKNO correlate at 0.43, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.43 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 9813.9 %².
TKNO is one of the assets that tracks MIRA most closely: it ranks #3 out of the 16 assets we track against MIRA. Correlation aside, the last 12 months split them widely, with TKNO ahead by 108.1 points (-43.8% versus +64.3%). Risk is not evenly split, since MIRA carries 2.0 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.
MIRA vs TKNO: side by side
| MIRA (MIRA Pharmaceuticals, Inc.) | TKNO (Alpha Teknova, Inc.) | |
|---|---|---|
| 1-year return | -43.8% | +64.3% |
| 5-year return | n/a | -61.5% |
| Volatility (ann.) | 211.2% | 107.9% |
| Beta vs S&P 500 | -0.07 | 1.10 |
| Max drawdown (3Y) | -91.5% | -79.6% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MIRA | TKNO |
|---|---|---|
| 2022 | – | -72.5% |
| 2023 | – | -33.9% |
| 2024 | +8.6% | +123.9% |
| 2025 | +32.5% | -54.5% |
| 2026 | -49.0% | +92.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIRA and TKNO good diversifiers for each other?
Reasonably. At 0.43, MIRA and TKNO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MIRA and TKNO?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.36 over the last year and n/a over 5 years.
Is TKNO a good diversifier for MIRA?
Reasonably. At 0.43, MIRA and TKNO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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
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Related comparisons
Hubs: MIRA correlations · TKNO correlations
