CTS vs MTX: Correlation
CTS Corporation (CTS) and Minerals Technologies Inc. (MTX) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTS and MTX?
On 3 years of weekly data the CTS/MTX correlation comes out at 0.64, strong. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 643.3 %².
By 3-year correlation, MTX places #10 of the 26 assets tracked against CTS. Correlation aside, the last 12 months split them widely, with CTS ahead by 23.8 points (+35.8% versus +12.0%).
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.
CTS vs MTX: side by side
| CTS (CTS Corporation) | MTX (Minerals Technologies Inc.) | |
|---|---|---|
| 1-year return | +35.8% | +12.0% |
| 5-year return | +63.4% | -6.2% |
| Volatility (ann.) | 33.0% | 30.4% |
| Beta vs S&P 500 | 1.40 | 0.90 |
| Max drawdown (3Y) | -40.6% | -42.5% |
| Market cap | $1.6B | $2.3B |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 0.28% | 0.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CTS | MTX |
|---|---|---|
| 2022 | +7.8% | -16.7% |
| 2023 | +11.4% | +18.0% |
| 2024 | +20.9% | +7.4% |
| 2025 | -18.4% | -19.4% |
| 2026 | +34.7% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTS and MTX good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CTS and MTX?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.63 over the last year and 0.55 over 5 years.
Is MTX a good diversifier for CTS?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
A reading of 0.64 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/cts-vs-mtx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cts-vs-mtx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTS correlations · MTX correlations
