MSN vs MTVA: Correlation
Emerson Radio Corporation (MSN) and MetaVia Inc. (MTVA) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSN and MTVA?
Over the past 3 years, MSN and MTVA moved with a correlation of 0.35, which is moderate. The link has tightened recently: the 1-year correlation (0.45) runs above the 3-year figure (0.35). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 2738.3 %².
Few assets follow MSN as closely as MTVA, which ranks #1 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with MSN ahead by 91.8 points (+15.6% versus -76.2%). One caveat on sizing: MTVA is 3.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MSN vs MTVA: side by side
| MSN (Emerson Radio Corporation) | MTVA (MetaVia Inc.) | |
|---|---|---|
| 1-year return | +15.6% | -76.2% |
| 5-year return | -59.8% | -100.0% |
| Volatility (ann.) | 45.3% | 173.6% |
| Beta vs S&P 500 | 0.15 | 1.46 |
| Max drawdown (3Y) | -55.3% | -98.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MSN | MTVA |
|---|---|---|
| 2022 | -34.6% | -98.0% |
| 2023 | +3.8% | -35.6% |
| 2024 | -23.6% | -45.1% |
| 2025 | -9.5% | -62.3% |
| 2026 | +24.7% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSN and MTVA good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MSN and MTVA?
As of 2026-08-27, the correlation of weekly returns between MSN and MTVA is 0.35 over 3 years, 0.45 over 1 year and 0.24 over 5 years.
Is MTVA a good diversifier for MSN?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/msn-vs-mtva.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/msn-vs-mtva/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MSN correlations · MTVA correlations
