AUID vs MTEN: Correlation
authID Inc. (AUID) and Mingteng International Corporation Inc. - Class A (MTEN) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUID and MTEN?
Across a 3-year window, the weekly returns of AUID and MTEN correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -4166.6 %².
Among the 11 assets we track against AUID, MTEN sits near the bottom by co-movement, at rank #10. Over the last 12 months AUID came out ahead by 11.4 percentage points (-88.6% against -100.0%). Risk is not evenly split, since MTEN carries 1.8 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.
AUID vs MTEN: side by side
| AUID (authID Inc.) | MTEN (Mingteng International Corporation Inc. - Class A) | |
|---|---|---|
| 1-year return | -88.6% | -100.0% |
| 5-year return | -99.3% | n/a |
| Volatility (ann.) | 100.2% | 179.9% |
| Beta vs S&P 500 | 1.34 | 2.36 |
| Max drawdown (3Y) | -96.7% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUID | MTEN |
|---|---|---|
| 2022 | -95.9% | – |
| 2023 | +104.2% | – |
| 2024 | -36.4% | – |
| 2025 | -85.5% | -86.5% |
| 2026 | -42.6% | -99.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUID and MTEN good diversifiers for each other?
Yes. With a correlation of -0.22, AUID and MTEN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AUID and MTEN?
The AUID/MTEN correlation stands at -0.22 on a 3-year window (1 year: -0.23, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MTEN a good diversifier for AUID?
Yes. With a correlation of -0.22, AUID and MTEN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/auid-vs-mten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/auid-vs-mten/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AUID correlations · MTEN correlations
