MRT vs PCRX: Correlation
Measured on weekly returns over the past three years, Marti Technologies, Inc. Class A (MRT) and Pacira BioSciences, Inc. (PCRX) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRT and PCRX?
On 3 years of weekly data the MRT/PCRX correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.21). The 5-year figure is -0.15, and annualized covariance runs at -854.7 %².
PCRX is close to the least connected end of MRT's tracked universe, ranking #8 of 10. The trailing year gives PCRX the advantage: -8.4% versus -1.1%, a 7.3-point spread. Note the risk asymmetry: MRT runs 1.6 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.
MRT vs PCRX: side by side
| MRT (Marti Technologies, Inc. Class A) | PCRX (Pacira BioSciences, Inc.) | |
|---|---|---|
| 1-year return | -8.4% | -1.1% |
| 5-year return | -76.5% | -56.2% |
| Volatility (ann.) | 81.0% | 50.0% |
| Beta vs S&P 500 | 0.38 | 0.71 |
| Max drawdown (3Y) | -65.3% | -67.9% |
| Market cap | $0.2B | $1.0B |
| P/E (trailing) | – | 73.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRT | PCRX |
|---|---|---|
| 2022 | +3.1% | -35.8% |
| 2023 | -93.6% | -12.6% |
| 2024 | +421.5% | -44.2% |
| 2025 | -30.1% | +37.4% |
| 2026 | -3.8% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRT and PCRX good diversifiers for each other?
Yes. With a correlation of -0.21, MRT and PCRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MRT and PCRX?
As of 2026-08-27, the correlation of weekly returns between MRT and PCRX is -0.21 over 3 years, 0.01 over 1 year and -0.15 over 5 years.
Is PCRX a good diversifier for MRT?
Yes. With a correlation of -0.21, MRT and PCRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/mrt-vs-pcrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mrt-vs-pcrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MRT correlations · PCRX correlations
