ELTK vs TACT: Correlation
How closely do Eltek Ltd. (ELTK) and TransAct Technologies Incorporated (TACT) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELTK and TACT?
Across a 3-year window, the weekly returns of ELTK and TACT correlate at 0.30, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.30). Stretching to 5 years gives 0.23, with an annualized covariance of 634.5 %².
TACT is one of the assets that tracks ELTK most closely: it ranks #1 out of the 16 assets we track against ELTK. The last year tells two different stories: TACT led by 46.3 percentage points, -22.8% for ELTK against +23.5% for TACT.
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.
ELTK vs TACT: side by side
| ELTK (Eltek Ltd.) | TACT (TransAct Technologies Incorporated) | |
|---|---|---|
| 1-year return | -22.8% | +23.5% |
| 5-year return | +27.7% | -64.0% |
| Volatility (ann.) | 50.9% | 42.2% |
| Beta vs S&P 500 | 0.40 | 0.56 |
| Max drawdown (3Y) | -65.7% | -59.0% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELTK | TACT |
|---|---|---|
| 2022 | +15.0% | -42.0% |
| 2023 | +244.5% | +10.4% |
| 2024 | -20.7% | -41.4% |
| 2025 | -20.0% | -2.2% |
| 2026 | -8.8% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELTK and TACT good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ELTK and TACT?
As of 2026-08-27, the correlation of weekly returns between ELTK and TACT is 0.30 over 3 years, 0.19 over 1 year and 0.23 over 5 years.
Is TACT a good diversifier for ELTK?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 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/eltk-vs-tact.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eltk-vs-tact/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ELTK correlations · TACT correlations
