CF vs MITK: Correlation
CF Industries (CF) and Mitek Systems, Inc. (MITK) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CF and MITK?
Across a 3-year window, the weekly returns of CF and MITK correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.23). Stretching to 5 years gives -0.09, with an annualized covariance of -385.9 %².
Within CF's tracked universe of 50 assets, MITK comes in at #42 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MITK ahead by 38.1 points (+48.6% versus +86.7%). Risk is not evenly split, since MITK carries 1.6 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.
CF vs MITK: side by side
| CF (CF Industries) | MITK (Mitek Systems, Inc.) | |
|---|---|---|
| 1-year return | +48.6% | +86.7% |
| 5-year return | +211.5% | -15.0% |
| Volatility (ann.) | 32.8% | 51.1% |
| Beta vs S&P 500 | -0.20 | 1.14 |
| Max drawdown (3Y) | -29.2% | -52.1% |
| Market cap | $19.0B | $0.9B |
| P/E (trailing) | 9.3 | 40.9 |
| Dividend yield | 1.59% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CF | MITK |
|---|---|---|
| 2022 | +22.3% | -45.4% |
| 2023 | -4.7% | +34.6% |
| 2024 | +10.1% | -14.6% |
| 2025 | -7.2% | -5.2% |
| 2026 | +64.9% | +82.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CF and MITK good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CF and MITK?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.34 over the last year and -0.09 over 5 years.
Is MITK a good diversifier for CF?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/cf-vs-mitk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cf-vs-mitk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CF correlations · MITK correlations
