MXC vs TAOP: Correlation
Mexco Energy Corporation (MXC) and Taoping Inc. (TAOP) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXC and TAOP?
Over the past 3 years, MXC and TAOP moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.13 lands near the 3-year figure. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -1251.1 %².
Among the 56 assets we track against MXC, TAOP ranks #38 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MXC ahead by 86.4 points (+21.6% versus -64.8%). One caveat on sizing: TAOP is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TAOP: side by side
| MXC (Mexco Energy Corporation) | TAOP (Taoping Inc.) | |
|---|---|---|
| 1-year return | +21.6% | -64.8% |
| 5-year return | +7.2% | -99.9% |
| Volatility (ann.) | 62.1% | 96.5% |
| Beta vs S&P 500 | -0.31 | 1.51 |
| Max drawdown (3Y) | -60.6% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MXC | TAOP |
|---|---|---|
| 2022 | +33.0% | -65.6% |
| 2023 | -26.2% | -77.7% |
| 2024 | +24.6% | -71.0% |
| 2025 | -10.8% | -88.9% |
| 2026 | -0.6% | -20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXC and TAOP good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between MXC and TAOP?
The MXC/TAOP correlation stands at -0.21 on a 3-year window (1 year: -0.13, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is TAOP a good diversifier for MXC?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/mxc-vs-taop.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MXC correlations · TAOP correlations
