AUUD vs MATV: Correlation
Auddia Inc. (AUUD) and Mativ Holdings, Inc. (MATV) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUUD and MATV?
On 3 years of weekly data the AUUD/MATV correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. The 5-year figure is -0.21, and annualized covariance runs at -1824.2 %².
MATV is close to the least connected end of AUUD's tracked universe, ranking #16 of 19. Correlation aside, the last 12 months split them widely, with MATV ahead by 97.3 points (-94.6% versus +2.7%). Risk is not evenly split, since AUUD carries 1.5 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.
AUUD vs MATV: side by side
| AUUD (Auddia Inc.) | MATV (Mativ Holdings, Inc.) | |
|---|---|---|
| 1-year return | -94.6% | +2.7% |
| 5-year return | -100.0% | -59.1% |
| Volatility (ann.) | 107.6% | 70.0% |
| Beta vs S&P 500 | -0.10 | 1.74 |
| Max drawdown (3Y) | -99.9% | -75.3% |
| Market cap | – | $0.7B |
| P/E (trailing) | 0.2 | 7.5 |
| Dividend yield | 0.00% | 3.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUUD | MATV |
|---|---|---|
| 2022 | -46.1% | -25.3% |
| 2023 | -74.0% | -22.7% |
| 2024 | -91.8% | -27.1% |
| 2025 | -88.8% | +17.3% |
| 2026 | -86.7% | +2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUUD and MATV good diversifiers for each other?
Yes. With a correlation of -0.24, AUUD and MATV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AUUD and MATV?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.31 over the last year and -0.21 over 5 years.
Is MATV a good diversifier for AUUD?
Yes. With a correlation of -0.24, AUUD and MATV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AUUD correlations · MATV correlations
