DAIO vs MOV: Correlation
How closely do Data I/O Corporation (DAIO) and Movado Group Inc. (MOV) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAIO and MOV?
Across a 3-year window, the weekly returns of DAIO and MOV correlate at 0.34, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.34 over 3 years. Stretching to 5 years gives 0.24, with an annualized covariance of 575.5 %².
By 3-year correlation, MOV places #6 of the 16 assets tracked against DAIO. Their recent paths diverged sharply: over the last 12 months MOV outperformed by 109.9 percentage points (-0.7% for DAIO against +109.2% for MOV).
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.
DAIO vs MOV: side by side
| DAIO (Data I/O Corporation) | MOV (Movado Group Inc.) | |
|---|---|---|
| 1-year return | -0.7% | +109.2% |
| 5-year return | -48.4% | +29.6% |
| Volatility (ann.) | 43.6% | 39.1% |
| Beta vs S&P 500 | 0.74 | 1.15 |
| Max drawdown (3Y) | -52.9% | -55.1% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 19.4 |
| Dividend yield | 0.00% | 2.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAIO | MOV |
|---|---|---|
| 2022 | -13.9% | -19.7% |
| 2023 | -25.9% | +2.0% |
| 2024 | -5.8% | -30.6% |
| 2025 | +14.4% | +13.9% |
| 2026 | -6.0% | +71.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAIO and MOV good diversifiers for each other?
Reasonably. At 0.34, DAIO and MOV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DAIO and MOV?
As of 2026-08-27, the correlation of weekly returns between DAIO and MOV is 0.34 over 3 years, 0.53 over 1 year and 0.24 over 5 years.
Is MOV a good diversifier for DAIO?
Reasonably. At 0.34, DAIO and MOV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/daio-vs-mov.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/daio-vs-mov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DAIO correlations · MOV correlations
