BKTI vs MOVE: Correlation
Measured on weekly returns over the past three years, BK Technologies Corporation (BKTI) and Corvex, Inc. (MOVE) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKTI and MOVE?
Across a 3-year window, the weekly returns of BKTI and MOVE correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.50 versus -0.19 over 3 years. Stretching to 5 years gives -0.13, with an annualized covariance of -1880.1 %².
Among the 15 assets we track against BKTI, MOVE ranks #10 by 3-year correlation. The last year tells two different stories: MOVE led by 137.1 percentage points, +6.6% for BKTI against +143.7% for MOVE. Risk is not evenly split, since MOVE carries 2.5 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.
BKTI vs MOVE: side by side
| BKTI (BK Technologies Corporation) | MOVE (Corvex, Inc.) | |
|---|---|---|
| 1-year return | +6.6% | +143.7% |
| 5-year return | +394.9% | -97.6% |
| Volatility (ann.) | 62.4% | 159.1% |
| Beta vs S&P 500 | 0.84 | 1.58 |
| Max drawdown (3Y) | -32.8% | -97.5% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 22.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKTI | MOVE |
|---|---|---|
| 2022 | +44.6% | -65.8% |
| 2023 | -26.3% | -39.9% |
| 2024 | +180.4% | -53.9% |
| 2025 | +117.5% | -84.6% |
| 2026 | +0.7% | +82.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKTI and MOVE good diversifiers for each other?
Yes. With a correlation of -0.19, BKTI and MOVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BKTI and MOVE?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.50 over the last year and -0.13 over 5 years.
Is MOVE a good diversifier for BKTI?
Yes. With a correlation of -0.19, BKTI and MOVE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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/bkti-vs-move.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bkti-vs-move/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BKTI correlations · MOVE correlations
