MTEK vs PALI: Correlation
How closely do Maris-Tech Ltd. (MTEK) and Palisade Bio, Inc. (PALI) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTEK and PALI?
On 3 years of weekly data the MTEK/PALI correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.47) than the 3-year average (-0.24). The 5-year figure is -0.06, and annualized covariance runs at -2100.7 %².
Among the 12 assets we track against MTEK, PALI sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with PALI ahead by 278.4 points (-58.7% versus +219.7%).
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.
MTEK vs PALI: side by side
| MTEK (Maris-Tech Ltd.) | PALI (Palisade Bio, Inc.) | |
|---|---|---|
| 1-year return | -58.7% | +219.7% |
| 5-year return | -65.4% | -99.9% |
| Volatility (ann.) | 86.5% | 102.3% |
| Beta vs S&P 500 | 1.15 | 0.30 |
| Max drawdown (3Y) | -83.2% | -97.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTEK | PALI |
|---|---|---|
| 2022 | – | -92.0% |
| 2023 | +25.3% | -88.7% |
| 2024 | +384.6% | -81.4% |
| 2025 | -77.0% | +42.4% |
| 2026 | -6.0% | -10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTEK and PALI good diversifiers for each other?
Yes. With a correlation of -0.24, MTEK and PALI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MTEK and PALI?
As of 2026-08-27, the correlation of weekly returns between MTEK and PALI is -0.24 over 3 years, -0.47 over 1 year and -0.06 over 5 years.
Is PALI a good diversifier for MTEK?
Yes. With a correlation of -0.24, MTEK and PALI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/mtek-vs-pali.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mtek-vs-pali/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MTEK correlations · PALI correlations
