CDTG vs MXC: Correlation
CDT Environmental Technology Investment Holdings Limited (CDTG) and Mexco Energy Corporation (MXC) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDTG and MXC?
Across a 3-year window, the weekly returns of CDTG and MXC correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 4625.7 %².
In CDTG's tracked universe of 34 assets, MXC sits right near the top at #1. The last year tells two different stories: MXC led by 114.2 percentage points, -92.6% for CDTG against +21.6% for MXC. Note the risk asymmetry: CDTG runs 2.6 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.
CDTG vs MXC: side by side
| CDTG (CDT Environmental Technology Investment Holdings Limited) | MXC (Mexco Energy Corporation) | |
|---|---|---|
| 1-year return | -92.6% | +21.6% |
| 5-year return | n/a | +7.2% |
| Volatility (ann.) | 160.6% | 62.1% |
| Beta vs S&P 500 | 0.42 | -0.31 |
| Max drawdown (3Y) | -99.2% | -60.6% |
| Market cap | – | – |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.00% | 1.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDTG | MXC |
|---|---|---|
| 2022 | – | +33.0% |
| 2023 | – | -26.2% |
| 2024 | – | +24.6% |
| 2025 | -92.2% | -10.8% |
| 2026 | -87.0% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDTG and MXC good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CDTG and MXC?
As of 2026-08-27, the correlation of weekly returns between CDTG and MXC is 0.44 over 3 years, 0.34 over 1 year and n/a over 5 years.
Is MXC a good diversifier for CDTG?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/cdtg-vs-mxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdtg-vs-mxc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDTG correlations · MXC correlations
