MRAM vs VLN: Correlation
How closely do Everspin Technologies, Inc. (MRAM) and Valens Semiconductor Ltd. (VLN) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRAM and VLN?
Across a 3-year window, the weekly returns of MRAM and VLN correlate at 0.45, moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.45). Stretching to 5 years gives 0.36, with an annualized covariance of 2490.9 %².
VLN is one of the assets that tracks MRAM most closely: it ranks #3 out of the 22 assets we track against MRAM. Their recent paths diverged sharply: over the last 12 months MRAM outperformed by 180.6 percentage points (+173.2% for MRAM against -7.4% for VLN).
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.
MRAM vs VLN: side by side
| MRAM (Everspin Technologies, Inc.) | VLN (Valens Semiconductor Ltd.) | |
|---|---|---|
| 1-year return | +173.2% | -7.4% |
| 5-year return | +134.7% | -74.7% |
| Volatility (ann.) | 69.5% | 79.0% |
| Beta vs S&P 500 | 1.58 | 2.08 |
| Max drawdown (3Y) | -70.6% | -67.9% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRAM | VLN |
|---|---|---|
| 2022 | -50.8% | -30.3% |
| 2023 | +62.6% | -54.4% |
| 2024 | -29.3% | +6.1% |
| 2025 | +45.2% | -45.4% |
| 2026 | +88.1% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRAM and VLN good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MRAM and VLN?
The MRAM/VLN correlation stands at 0.45 on a 3-year window (1 year: 0.60, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is VLN a good diversifier for MRAM?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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/mram-vs-vln.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mram-vs-vln/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MRAM correlations · VLN correlations
