DDT vs PMEC: Correlation
How closely do Dillard's Capital Trust I (DDT) and Primech Holdings Ltd. (PMEC) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDT and PMEC?
On 3 years of weekly data the DDT/PMEC correlation comes out at 0.26, weak. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.26). The 5-year figure is n/a, and annualized covariance runs at 163.4 %².
By 3-year correlation, PMEC places #7 of the 12 assets tracked against DDT. Correlation aside, the last 12 months split them widely, with DDT ahead by 72.8 points (+8.3% versus -64.5%). One caveat on sizing: PMEC is 16.9 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.
DDT vs PMEC: side by side
| DDT (Dillard's Capital Trust I) | PMEC (Primech Holdings Ltd.) | |
|---|---|---|
| 1-year return | +8.3% | -64.5% |
| 5-year return | +43.4% | n/a |
| Volatility (ann.) | 6.1% | 103.1% |
| Beta vs S&P 500 | 0.11 | 0.88 |
| Max drawdown (3Y) | -4.6% | -89.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DDT | PMEC |
|---|---|---|
| 2022 | -3.3% | – |
| 2023 | +9.8% | – |
| 2024 | +7.4% | -71.9% |
| 2025 | +9.5% | +51.1% |
| 2026 | +6.0% | -48.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDT and PMEC good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DDT and PMEC?
As of 2026-08-27, the correlation of weekly returns between DDT and PMEC is 0.26 over 3 years, 0.09 over 1 year and n/a over 5 years.
Is PMEC a good diversifier for DDT?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 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/ddt-vs-pmec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ddt-vs-pmec/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DDT correlations · PMEC correlations
