MLTX vs SUPX: Correlation
How closely do MoonLake Immunotherapeutics - Class A (MLTX) and SuperX AI Technology Limited (SUPX) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLTX and SUPX?
On 3 years of weekly data the MLTX/SUPX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.51 versus -0.30 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -2901.8 %².
SUPX is close to the least connected end of MLTX's tracked universe, ranking #10 of 13. The trailing year gives MLTX the advantage: -72.0% versus -77.0%, a 5.0-point spread.
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.
MLTX vs SUPX: side by side
| MLTX (MoonLake Immunotherapeutics - Class A) | SUPX (SuperX AI Technology Limited) | |
|---|---|---|
| 1-year return | -72.0% | -77.0% |
| 5-year return | +57.2% | n/a |
| Volatility (ann.) | 80.7% | 115.6% |
| Beta vs S&P 500 | 0.83 | 0.01 |
| Max drawdown (3Y) | -90.2% | -92.3% |
| Market cap | $1.3B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLTX | SUPX |
|---|---|---|
| 2022 | +6.2% | – |
| 2023 | +475.1% | – |
| 2024 | -10.3% | – |
| 2025 | -75.7% | +318.1% |
| 2026 | +17.8% | -37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLTX and SUPX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MLTX and SUPX?
As of 2026-08-27, the correlation of weekly returns between MLTX and SUPX is -0.30 over 3 years, -0.51 over 1 year and n/a over 5 years.
Is SUPX a good diversifier for MLTX?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 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/mltx-vs-supx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mltx-vs-supx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MLTX correlations · SUPX correlations
