BB vs MITK: Correlation
Measured on weekly returns over the past three years, BlackBerry Limited (BB) and Mitek Systems, Inc. (MITK) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BB and MITK?
On 3 years of weekly data the BB/MITK correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 1346.6 %².
By 3-year correlation, MITK places #4 of the 11 assets tracked against BB. Correlation aside, the last 12 months split them widely, with BB ahead by 38.0 points (+124.7% versus +86.7%).
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.
BB vs MITK: side by side
| BB (BlackBerry Limited) | MITK (Mitek Systems, Inc.) | |
|---|---|---|
| 1-year return | +124.7% | +86.7% |
| 5-year return | -22.8% | -15.0% |
| Volatility (ann.) | 63.0% | 51.1% |
| Beta vs S&P 500 | 1.29 | 1.14 |
| Max drawdown (3Y) | -62.3% | -52.1% |
| Market cap | $5.1B | $0.9B |
| P/E (trailing) | 78.6 | 40.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BB | MITK |
|---|---|---|
| 2022 | -65.1% | -45.4% |
| 2023 | +8.6% | +34.6% |
| 2024 | +6.8% | -14.6% |
| 2025 | +0.3% | -5.2% |
| 2026 | +128.2% | +82.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BB and MITK good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BB and MITK?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.38 over the last year and 0.41 over 5 years.
Is MITK a good diversifier for BB?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/bb-vs-mitk.json
Embed this badge (it refreshes with the data), with attribution:
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BB correlations · MITK correlations
