MMTec, Inc. Common Shares (MTC) — Stock Correlations & Overview
Over the past year, MTC has moved most closely with NPCE, TEVA, BWpA. Explore the stocks most correlated and inversely correlated with MTC below, along with its price, financials, and company profile.
Stocks correlated with MTC
Correlation of daily returns. Higher positive values move with MTC; negative values move opposite it. Informational only, not investment advice.
Most correlated with MTC
| Symbol | Company | Correlation |
|---|---|---|
| NPCE | Neuropace, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.52 |
| TEVA | Teva Pharmaceutical Industries Limited American Depositary SharesPHARMACEUTICAL PREPARATIONS | 0.47 |
| BWpA | Babcock & Wilcox Enterprises, Inc. 7.75% Series A Cumulative Perpetual Preferred StockHEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES | 0.45 |
| NGLpB | NGL Energy Partners LP 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partnership interestsNATURAL GAS TRANSMISSION | 0.44 |
| MG | Mistras Group Inc.SERVICES-ENGINEERING SERVICES | 0.41 |
Most inversely correlated with MTC
| Symbol | Company | Correlation |
|---|---|---|
| TREX | Trex Company, Inc.LUMBER & WOOD PRODUCTS (NO FURNITURE) | -0.54 |
| ZBH | Zimmer Biomet Holdings, Inc.ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES | -0.44 |
| PRGO | PERRIGO COMPANY PLCPHARMACEUTICAL PREPARATIONS | -0.41 |
| SUPN | Supernus Pharmaceuticals, Inc.PHARMACEUTICAL PREPARATIONS | -0.41 |
| WWW | Wolverine World Wide, Inc.FOOTWEAR, (NO RUBBER) | -0.40 |
Frequently asked questions about MTC correlations
- Which stocks are most correlated with MTC?
- Based on one year of daily returns, the stocks most correlated with MMTec, Inc. Common Shares (MTC) are NPCE (0.52), TEVA (0.47) and BWpA (0.45). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with MTC?
- Over the past year, the stocks most inversely correlated with MMTec, Inc. Common Shares (MTC) are TREX (-0.54), ZBH (-0.44) and PRGO (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these MTC correlations calculated?
- We compute the correlation of daily returns between MTC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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