ANNA vs MTD: Correlation
How closely do AleAnna, Inc. (ANNA) and Mettler Toledo (MTD) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and MTD?
On 3 years of weekly data the ANNA/MTD correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.29) runs below the 3-year figure (-0.17). The 5-year figure is -0.14, and annualized covariance runs at -487.3 %².
By 3-year correlation, MTD places #32 of the 103 assets tracked against ANNA. The last year tells two different stories: MTD led by 43.8 percentage points, -34.3% for ANNA against +9.5% for MTD. Note the risk asymmetry: ANNA runs 2.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ANNA vs MTD: side by side
| ANNA (AleAnna, Inc.) | MTD (Mettler Toledo) | |
|---|---|---|
| 1-year return | -34.3% | +9.5% |
| 5-year return | -71.7% | -11.4% |
| Volatility (ann.) | 88.7% | 31.4% |
| Beta vs S&P 500 | -0.92 | 1.00 |
| Max drawdown (3Y) | -86.3% | -36.6% |
| Market cap | $0.1B | $28.2B |
| P/E (trailing) | 14.7 | 31.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ANNA | MTD |
|---|---|---|
| 2022 | – | -14.8% |
| 2023 | +7.3% | -16.1% |
| 2024 | -37.6% | +0.9% |
| 2025 | -57.6% | +13.9% |
| 2026 | -3.0% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and MTD good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANNA and MTD?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.29 over the last year and -0.14 over 5 years.
Is MTD a good diversifier for ANNA?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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/anna-vs-mtd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anna-vs-mtd/)
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Related comparisons
Hubs: ANNA correlations · MTD correlations
