CKX vs MTEN: Correlation
Measured on weekly returns over the past three years, CKX Lands, Inc. (CKX) and Mingteng International Corporation Inc. - Class A (MTEN) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CKX and MTEN?
Over the past 3 years, CKX and MTEN moved with a correlation of 0.25, which is weak. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.25). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1252.5 %².
Within CKX's tracked universe of 14 assets, MTEN comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CKX ahead by 94.9 points (-5.1% versus -100.0%). Risk is not evenly split, since MTEN carries 7.0 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.
CKX vs MTEN: side by side
| CKX (CKX Lands, Inc.) | MTEN (Mingteng International Corporation Inc. - Class A) | |
|---|---|---|
| 1-year return | -5.1% | -100.0% |
| 5-year return | -7.1% | n/a |
| Volatility (ann.) | 25.7% | 179.9% |
| Beta vs S&P 500 | 0.01 | 2.36 |
| Max drawdown (3Y) | -37.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 7.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CKX | MTEN |
|---|---|---|
| 2022 | -11.2% | – |
| 2023 | +30.3% | – |
| 2024 | -2.8% | – |
| 2025 | -27.4% | -86.5% |
| 2026 | +16.4% | -99.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CKX and MTEN good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CKX and MTEN?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.10 over the last year and n/a over 5 years.
Is MTEN a good diversifier for CKX?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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/ckx-vs-mten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ckx-vs-mten/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CKX correlations · MTEN correlations
