MSN vs PARA: Correlation
Emerson Radio Corporation (MSN) and Banzai International, Inc. (PARA) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSN and PARA?
On 3 years of weekly data the MSN/PARA correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.23 over 3 years. The 5-year figure is -0.20, and annualized covariance runs at -1182.6 %².
Among the 10 assets we track against MSN, PARA sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months MSN outperformed by 113.8 percentage points (+15.6% for MSN against -98.2% for PARA). Risk is not evenly split, since PARA carries 2.5 times the volatility of the other side.
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 PARA: side by side
| MSN (Emerson Radio Corporation) | PARA (Banzai International, Inc.) | |
|---|---|---|
| 1-year return | +15.6% | -98.2% |
| 5-year return | -59.8% | -100.0% |
| Volatility (ann.) | 45.3% | 114.5% |
| Beta vs S&P 500 | 0.15 | -0.02 |
| Max drawdown (3Y) | -55.3% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MSN | PARA |
|---|---|---|
| 2022 | -34.6% | +3.7% |
| 2023 | +3.8% | -81.4% |
| 2024 | -23.6% | -98.4% |
| 2025 | -9.5% | -93.7% |
| 2026 | +24.7% | -93.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSN and PARA good diversifiers for each other?
Yes. With a correlation of -0.23, MSN and PARA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MSN and PARA?
The MSN/PARA correlation stands at -0.23 on a 3-year window (1 year: -0.36, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is PARA a good diversifier for MSN?
Yes. With a correlation of -0.23, MSN and PARA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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/msn-vs-para.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/msn-vs-para/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MSN correlations · PARA correlations
