ASTC vs MOV: Correlation
Astrotech Corporation (ASTC) and Movado Group Inc. (MOV) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and MOV?
Across a 3-year window, the weekly returns of ASTC and MOV correlate at 0.51, moderate. The past 12 months show a tighter link (0.73) than the 3-year average (0.51). Stretching to 5 years gives 0.41, with an annualized covariance of 24051.9 %².
Among the 47 assets we track against ASTC, MOV ranks #5 by 3-year correlation. The last year tells two different stories: MOV led by 71.7 percentage points, +37.5% for ASTC against +109.2% for MOV. Risk is not evenly split, since ASTC carries 30.9 times the volatility of the other side.
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.
ASTC vs MOV: side by side
| ASTC (Astrotech Corporation) | MOV (Movado Group Inc.) | |
|---|---|---|
| 1-year return | +37.5% | +109.2% |
| 5-year return | -78.4% | +29.6% |
| Volatility (ann.) | 1206.9% | 39.1% |
| Beta vs S&P 500 | 4.81 | 1.15 |
| Max drawdown (3Y) | -87.5% | -55.1% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 19.4 |
| Dividend yield | 0.00% | 2.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTC | MOV |
|---|---|---|
| 2022 | -51.0% | -19.7% |
| 2023 | -15.0% | +2.0% |
| 2024 | -20.8% | -30.6% |
| 2025 | -48.5% | +13.9% |
| 2026 | +105.8% | +71.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and MOV good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ASTC and MOV?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.73 over the last year and 0.41 over 5 years.
Is MOV a good diversifier for ASTC?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/astc-vs-mov.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/astc-vs-mov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASTC correlations · MOV correlations
