CMTL vs UTSI: Correlation
Measured on weekly returns over the past three years, Comtech Telecommunications Corp. (CMTL) and UTStarcom Holdings Corp (UTSI) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMTL and UTSI?
Across a 3-year window, the weekly returns of CMTL and UTSI correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.40 over 3. Stretching to 5 years gives 0.33, with an annualized covariance of 1935.0 %².
Few assets follow CMTL as closely as UTSI, which ranks #2 of 11 tracked partners. The trailing year gives UTSI the advantage: -13.4% versus -7.9%, a 5.5-point spread. One caveat on sizing: CMTL is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CMTL vs UTSI: side by side
| CMTL (Comtech Telecommunications Corp.) | UTSI (UTStarcom Holdings Corp) | |
|---|---|---|
| 1-year return | -13.4% | -7.9% |
| 5-year return | -92.9% | -54.7% |
| Volatility (ann.) | 100.4% | 48.3% |
| Beta vs S&P 500 | 1.44 | 0.72 |
| Max drawdown (3Y) | -90.2% | -48.1% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMTL | UTSI |
|---|---|---|
| 2022 | -47.1% | +2.0% |
| 2023 | -30.0% | -3.1% |
| 2024 | -52.4% | -15.7% |
| 2025 | +31.9% | -12.4% |
| 2026 | -66.9% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMTL and UTSI good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CMTL and UTSI?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.32 over the last year and 0.33 over 5 years.
Is UTSI a good diversifier for CMTL?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cmtl-vs-utsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmtl-vs-utsi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMTL correlations · UTSI correlations
