MXC vs SLP: Correlation
How closely do Mexco Energy Corporation (MXC) and Simulations Plus, Inc. (SLP) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXC and SLP?
Across a 3-year window, the weekly returns of MXC and SLP correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.15 lands near the 3-year figure. Stretching to 5 years gives -0.05, with an annualized covariance of -791.4 %².
Within MXC's tracked universe of 56 assets, SLP comes in at #43 by 3-year correlation. Over the last 12 months SLP came out ahead by 6.7 percentage points (+21.6% against +28.3%).
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.
MXC vs SLP: side by side
| MXC (Mexco Energy Corporation) | SLP (Simulations Plus, Inc.) | |
|---|---|---|
| 1-year return | +21.6% | +28.3% |
| 5-year return | +7.2% | -58.0% |
| Volatility (ann.) | 62.1% | 55.9% |
| Beta vs S&P 500 | -0.31 | 1.34 |
| Max drawdown (3Y) | -60.6% | -77.7% |
| Market cap | – | $0.4B |
| P/E (trailing) | 13.0 | 46.0 |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MXC | SLP |
|---|---|---|
| 2022 | +33.0% | -22.3% |
| 2023 | -26.2% | +23.1% |
| 2024 | +24.6% | -37.4% |
| 2025 | -10.8% | -34.6% |
| 2026 | -0.6% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXC and SLP good diversifiers for each other?
Yes. With a correlation of -0.23, MXC and SLP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MXC and SLP?
As of 2026-08-27, the correlation of weekly returns between MXC and SLP is -0.23 over 3 years, -0.15 over 1 year and -0.05 over 5 years.
Is SLP a good diversifier for MXC?
Yes. With a correlation of -0.23, MXC and SLP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mxc-vs-slp.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: MXC correlations · SLP correlations
