CPSH vs MDT: Correlation
Measured on weekly returns over the past three years, CPS Technologies Corp. (CPSH) and Medtronic (MDT) 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 CPSH and MDT?
On 3 years of weekly data the CPSH/MDT correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. The 5-year figure is -0.04, and annualized covariance runs at -305.2 %².
Among the 18 assets we track against CPSH, MDT ranks #13 by 3-year correlation. Over the last 12 months CPSH came out ahead by 14.4 percentage points (+15.3% against +0.9%). One caveat on sizing: CPSH is 3.7 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.
CPSH vs MDT: side by side
| CPSH (CPS Technologies Corp.) | MDT (Medtronic) | |
|---|---|---|
| 1-year return | +15.3% | +0.9% |
| 5-year return | -32.8% | -21.4% |
| Volatility (ann.) | 78.3% | 21.0% |
| Beta vs S&P 500 | 0.50 | 0.37 |
| Max drawdown (3Y) | -69.7% | -28.9% |
| Market cap | $0.1B | $115.2B |
| P/E (trailing) | 392.0 | 24.1 |
| Dividend yield | 0.00% | 3.09% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CPSH | MDT |
|---|---|---|
| 2022 | -29.0% | -22.6% |
| 2023 | -12.6% | +9.6% |
| 2024 | -31.5% | +0.3% |
| 2025 | +91.9% | +24.0% |
| 2026 | +26.9% | -4.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPSH and MDT good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CPSH and MDT?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.20 over the last year and -0.04 over 5 years.
Is MDT a good diversifier for CPSH?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/cpsh-vs-mdt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpsh-vs-mdt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPSH correlations · MDT correlations
