EDTK vs MATH: Correlation
Skillful Craftsman Education Technology Limited (EDTK) and Metalpha Technology Holding Limited (MATH) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDTK and MATH?
Over the past 3 years, EDTK and MATH moved with a correlation of 0.27, which is weak. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.27). Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 1125.0 %².
Few assets follow EDTK as closely as MATH, which ranks #3 of 16 tracked partners. Correlation aside, the last 12 months split them widely, with EDTK ahead by 52.5 points (-18.2% versus -70.7%). Risk is not evenly split, since MATH carries 2.0 times the volatility of the other side.
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.
EDTK vs MATH: side by side
| EDTK (Skillful Craftsman Education Technology Limited) | MATH (Metalpha Technology Holding Limited) | |
|---|---|---|
| 1-year return | -18.2% | -70.7% |
| 5-year return | -41.9% | -40.4% |
| Volatility (ann.) | 45.4% | 90.1% |
| Beta vs S&P 500 | -0.09 | 0.53 |
| Max drawdown (3Y) | -35.4% | -81.9% |
| Market cap | – | – |
| P/E (trailing) | – | 41.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDTK | MATH |
|---|---|---|
| 2022 | +52.4% | -57.4% |
| 2023 | -12.5% | +323.3% |
| 2024 | -19.8% | -47.2% |
| 2025 | -10.9% | +82.6% |
| 2026 | +0.0% | -60.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDTK and MATH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EDTK and MATH?
The EDTK/MATH correlation stands at 0.27 on a 3-year window (1 year: 0.11, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is MATH a good diversifier for EDTK?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 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/edtk-vs-math.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/edtk-vs-math/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EDTK correlations · MATH correlations
