MSN vs XBIO: Correlation
Measured on weekly returns over the past three years, Emerson Radio Corporation (MSN) and Xenetic Biosciences, Inc. (XBIO) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSN and XBIO?
Over the past 3 years, MSN and XBIO moved with a correlation of 0.30, which is moderate. The link has tightened recently: the 1-year correlation (0.47) runs above the 3-year figure (0.30). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 1212.4 %².
Among the 10 assets we track against MSN, XBIO ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with XBIO ahead by 24.2 points (+15.6% versus +39.8%). Risk is not evenly split, since XBIO carries 2.0 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 XBIO: side by side
| MSN (Emerson Radio Corporation) | XBIO (Xenetic Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +15.6% | +39.8% |
| 5-year return | -59.8% | -86.8% |
| Volatility (ann.) | 45.3% | 90.1% |
| Beta vs S&P 500 | 0.15 | 0.46 |
| Max drawdown (3Y) | -55.3% | -80.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MSN | XBIO |
|---|---|---|
| 2022 | -34.6% | -77.9% |
| 2023 | +3.8% | +21.1% |
| 2024 | -23.6% | +15.7% |
| 2025 | -9.5% | -45.6% |
| 2026 | +24.7% | +82.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSN and XBIO good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MSN and XBIO?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.47 over the last year and 0.23 over 5 years.
Is XBIO a good diversifier for MSN?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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-xbio.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/msn-vs-xbio/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MSN correlations · XBIO correlations
