MSS vs NA: Correlation
Measured on weekly returns over the past three years, Maison Solutions Inc. (MSS) and Nano Labs Ltd - Class A (NA) 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 MSS and NA?
Over the past 3 years, MSS and NA moved with a correlation of 0.30, which is moderate. The past 12 months show a weaker link (-0.23) than the 3-year average (0.30). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 7086.9 %².
In MSS's tracked universe of 13 assets, NA sits right near the top at #3. Correlation aside, the last 12 months split them widely, with NA ahead by 31.0 points (-96.3% versus -65.3%).
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.
MSS vs NA: side by side
| MSS (Maison Solutions Inc.) | NA (Nano Labs Ltd - Class A) | |
|---|---|---|
| 1-year return | -96.3% | -65.3% |
| 5-year return | n/a | -98.2% |
| Volatility (ann.) | 128.2% | 181.1% |
| Beta vs S&P 500 | 0.32 | 0.36 |
| Max drawdown (3Y) | -99.8% | -92.7% |
| Market cap | – | – |
| P/E (trailing) | – | 2.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MSS | NA |
|---|---|---|
| 2023 | – | +57.4% |
| 2024 | -10.9% | -50.5% |
| 2025 | -73.9% | -64.8% |
| 2026 | -90.2% | -32.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSS and NA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MSS and NA?
As of 2026-08-27, the correlation of weekly returns between MSS and NA is 0.30 over 3 years, -0.23 over 1 year and n/a over 5 years.
Is NA a good diversifier for MSS?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 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/mss-vs-na.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mss-vs-na/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MSS correlations · NA correlations
