DV vs MTC: Correlation
How closely do DoubleVerify Holdings, Inc. (DV) and MMTec, Inc. (MTC) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DV and MTC?
Across a 3-year window, the weekly returns of DV and MTC correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.37) runs below the 3-year figure (-0.24). Stretching to 5 years gives -0.11, with an annualized covariance of -3214.8 %².
Out of 10 assets tracked against DV, MTC lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months MTC outperformed by 320.1 percentage points (-18.0% for DV against +302.1% for MTC). One caveat on sizing: MTC is 5.1 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.
DV vs MTC: side by side
| DV (DoubleVerify Holdings, Inc.) | MTC (MMTec, Inc.) | |
|---|---|---|
| 1-year return | -18.0% | +302.1% |
| 5-year return | -62.1% | -96.8% |
| Volatility (ann.) | 51.0% | 261.2% |
| Beta vs S&P 500 | 1.13 | 0.26 |
| Max drawdown (3Y) | -79.7% | -99.6% |
| Market cap | $2.1B | $0.4B |
| P/E (trailing) | 38.1 | 5.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DV | MTC |
|---|---|---|
| 2022 | -34.0% | -88.3% |
| 2023 | +67.5% | +29.0% |
| 2024 | -47.8% | -80.4% |
| 2025 | -40.4% | +117.8% |
| 2026 | +16.6% | +11.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DV and MTC good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DV and MTC?
The DV/MTC correlation stands at -0.24 on a 3-year window (1 year: -0.37, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is MTC a good diversifier for DV?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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/dv-vs-mtc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dv-vs-mtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DV correlations · MTC correlations
