MNTS vs PCSA: Correlation
Measured on weekly returns over the past three years, Momentus Inc. (MNTS) and Processa Pharmaceuticals, Inc. (PCSA) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNTS and PCSA?
Over the past 3 years, MNTS and PCSA moved with a correlation of 0.39, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.39 over 3 years. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 12194.0 %².
By 3-year correlation, PCSA places #4 of the 15 assets tracked against MNTS. The last year tells two different stories: PCSA led by 22.9 percentage points, -83.3% for MNTS against -60.4% for PCSA.
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.
MNTS vs PCSA: side by side
| MNTS (Momentus Inc.) | PCSA (Processa Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -83.3% | -60.4% |
| 5-year return | -100.0% | -99.9% |
| Volatility (ann.) | 205.9% | 153.6% |
| Beta vs S&P 500 | 3.44 | 1.04 |
| Max drawdown (3Y) | -99.9% | -99.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 3.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNTS | PCSA |
|---|---|---|
| 2022 | -81.3% | -77.6% |
| 2023 | -95.6% | -69.5% |
| 2024 | -67.3% | -86.8% |
| 2025 | -96.6% | -87.0% |
| 2026 | -12.3% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNTS and PCSA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MNTS and PCSA?
As of 2026-08-27, the correlation of weekly returns between MNTS and PCSA is 0.39 over 3 years, 0.20 over 1 year and 0.37 over 5 years.
Is PCSA a good diversifier for MNTS?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/mnts-vs-pcsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnts-vs-pcsa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MNTS correlations · PCSA correlations
