ANGH vs MTEN: Correlation
Anghami Inc. (ANGH) and Mingteng International Corporation Inc. - Class A (MTEN) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANGH and MTEN?
Across a 3-year window, the weekly returns of ANGH and MTEN correlate at 0.38, moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.38). Stretching to 5 years gives n/a, with an annualized covariance of 5519.6 %².
By 3-year correlation, MTEN places #5 of the 10 assets tracked against ANGH. Their recent paths diverged sharply: over the last 12 months ANGH outperformed by 104.9 percentage points (+4.9% for ANGH against -100.0% for MTEN).
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.
ANGH vs MTEN: side by side
| ANGH (Anghami Inc.) | MTEN (Mingteng International Corporation Inc. - Class A) | |
|---|---|---|
| 1-year return | +4.9% | -100.0% |
| 5-year return | -96.5% | n/a |
| Volatility (ann.) | 124.2% | 179.9% |
| Beta vs S&P 500 | 0.72 | 2.36 |
| Max drawdown (3Y) | -92.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANGH | MTEN |
|---|---|---|
| 2022 | -84.3% | – |
| 2023 | -34.8% | – |
| 2024 | -20.8% | – |
| 2025 | -54.2% | -86.5% |
| 2026 | -6.1% | -99.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGH and MTEN good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ANGH and MTEN?
As of 2026-08-27, the correlation of weekly returns between ANGH and MTEN is 0.38 over 3 years, 0.54 over 1 year and n/a over 5 years.
Is MTEN a good diversifier for ANGH?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/angh-vs-mten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/angh-vs-mten/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANGH correlations · MTEN correlations
