MNTS vs TPST: Correlation
Momentus Inc. (MNTS) and Tempest Therapeutics, Inc. (TPST) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNTS and TPST?
On 3 years of weekly data the MNTS/TPST correlation comes out at 0.48, moderate. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.48). The 5-year figure is 0.45, and annualized covariance runs at 76550.4 %².
Few assets follow MNTS as closely as TPST, which ranks #2 of 15 tracked partners. On 12-month performance MNTS holds a 6.7-point edge, -83.3% against -90.0%. Note the risk asymmetry: TPST runs 3.8 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.
MNTS vs TPST: side by side
| MNTS (Momentus Inc.) | TPST (Tempest Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -83.3% | -90.0% |
| 5-year return | -100.0% | -99.4% |
| Volatility (ann.) | 205.9% | 782.8% |
| Beta vs S&P 500 | 3.44 | 1.97 |
| Max drawdown (3Y) | -99.9% | -99.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNTS | TPST |
|---|---|---|
| 2022 | -81.3% | -78.2% |
| 2023 | -95.6% | +282.6% |
| 2024 | -67.3% | -81.0% |
| 2025 | -96.6% | -73.6% |
| 2026 | -12.3% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNTS and TPST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MNTS and TPST?
As of 2026-08-27, the correlation of weekly returns between MNTS and TPST is 0.48 over 3 years, 0.02 over 1 year and 0.45 over 5 years.
Is TPST a good diversifier for MNTS?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MNTS correlations · TPST correlations
