FTDR vs PMEC: Correlation
How closely do Frontdoor, Inc. (FTDR) 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 FTDR and PMEC?
Across a 3-year window, the weekly returns of FTDR and PMEC correlate at 0.26, weak. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.26). Stretching to 5 years gives n/a, with an annualized covariance of 1193.6 %².
PMEC is close to the least connected end of FTDR's tracked universe, ranking #11 of 14. Their recent paths diverged sharply: over the last 12 months FTDR outperformed by 98.1 percentage points (+33.6% for FTDR against -64.5% for PMEC). One caveat on sizing: PMEC is 2.4 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.
FTDR vs PMEC: side by side
| FTDR (Frontdoor, Inc.) | PMEC (Primech Holdings Ltd.) | |
|---|---|---|
| 1-year return | +33.6% | -64.5% |
| 5-year return | +91.0% | n/a |
| Volatility (ann.) | 43.8% | 103.1% |
| Beta vs S&P 500 | 1.31 | 0.88 |
| Max drawdown (3Y) | -40.6% | -89.9% |
| Market cap | $5.7B | – |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTDR | PMEC |
|---|---|---|
| 2022 | -43.2% | – |
| 2023 | +69.3% | – |
| 2024 | +55.2% | -71.9% |
| 2025 | +5.5% | +51.1% |
| 2026 | +43.6% | -48.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTDR and PMEC good diversifiers for each other?
Reasonably. At 0.26, FTDR and PMEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FTDR and PMEC?
As of 2026-08-27, the correlation of weekly returns between FTDR and PMEC is 0.26 over 3 years, 0.10 over 1 year and n/a over 5 years.
Is PMEC a good diversifier for FTDR?
Reasonably. At 0.26, FTDR and PMEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/ftdr-vs-pmec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ftdr-vs-pmec/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FTDR correlations · PMEC correlations
