ATNM vs MITK: Correlation
Measured on weekly returns over the past three years, Actinium Pharmaceuticals, Inc. (Delaware) (ATNM) and Mitek Systems, Inc. (MITK) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATNM and MITK?
Across a 3-year window, the weekly returns of ATNM and MITK correlate at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 1719.0 %².
Within ATNM's tracked universe of 12 assets, MITK comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MITK outperformed by 129.9 percentage points (-43.2% for ATNM against +86.7% for MITK). Note the risk asymmetry: ATNM runs 1.6 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.
ATNM vs MITK: side by side
| ATNM (Actinium Pharmaceuticals, Inc. (Delaware)) | MITK (Mitek Systems, Inc.) | |
|---|---|---|
| 1-year return | -43.2% | +86.7% |
| 5-year return | -83.3% | -15.0% |
| Volatility (ann.) | 83.6% | 51.1% |
| Beta vs S&P 500 | 1.73 | 1.14 |
| Max drawdown (3Y) | -92.4% | -52.1% |
| Market cap | – | $0.9B |
| P/E (trailing) | 2.9 | 40.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATNM | MITK |
|---|---|---|
| 2022 | +77.2% | -45.4% |
| 2023 | -52.3% | +34.6% |
| 2024 | -75.2% | -14.6% |
| 2025 | +7.9% | -5.2% |
| 2026 | -26.5% | +82.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATNM and MITK good diversifiers for each other?
Reasonably. At 0.40, ATNM and MITK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATNM and MITK?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.41 over the last year and 0.33 over 5 years.
Is MITK a good diversifier for ATNM?
Reasonably. At 0.40, ATNM and MITK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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.
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Related comparisons
Hubs: ATNM correlations · MITK correlations
