CRMT vs MTEN: Correlation
How closely do America's Car-Mart, Inc. (CRMT) and Mingteng International Corporation Inc. - Class A (MTEN) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRMT and MTEN?
Across a 3-year window, the weekly returns of CRMT and MTEN correlate at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.50 versus -0.27 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -3996.2 %².
Among the 13 assets we track against CRMT, MTEN sits near the bottom by co-movement, at rank #9. Neither side won the trailing year by much: -95.1% against -100.0%. One caveat on sizing: MTEN is 2.3 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.
CRMT vs MTEN: side by side
| CRMT (America's Car-Mart, Inc.) | MTEN (Mingteng International Corporation Inc. - Class A) | |
|---|---|---|
| 1-year return | -95.1% | -100.0% |
| 5-year return | -98.2% | n/a |
| Volatility (ann.) | 78.3% | 179.9% |
| Beta vs S&P 500 | 1.85 | 2.36 |
| Max drawdown (3Y) | -98.2% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRMT | MTEN |
|---|---|---|
| 2022 | -29.4% | – |
| 2023 | +4.9% | – |
| 2024 | -32.4% | – |
| 2025 | -50.7% | -86.5% |
| 2026 | -90.9% | -99.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRMT and MTEN good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between CRMT and MTEN?
As of 2026-08-27, the correlation of weekly returns between CRMT and MTEN is -0.27 over 3 years, -0.50 over 1 year and n/a over 5 years.
Is MTEN a good diversifier for CRMT?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 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/crmt-vs-mten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crmt-vs-mten/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRMT correlations · MTEN correlations
