GDTC vs MTRX: Correlation
Measured on weekly returns over the past three years, CytoMed Therapeutics Limited (GDTC) and Matrix Service Company (MTRX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDTC and MTRX?
Across a 3-year window, the weekly returns of GDTC and MTRX correlate at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -979.2 %².
Among the 16 assets we track against GDTC, MTRX sits near the bottom by co-movement, at rank #16. Their recent paths diverged sharply: over the last 12 months MTRX outperformed by 23.7 percentage points (-52.7% for GDTC against -29.0% for MTRX).
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.
GDTC vs MTRX: side by side
| GDTC (CytoMed Therapeutics Limited) | MTRX (Matrix Service Company) | |
|---|---|---|
| 1-year return | -52.7% | -29.0% |
| 5-year return | n/a | -3.9% |
| Volatility (ann.) | 75.2% | 51.6% |
| Beta vs S&P 500 | 0.08 | 1.13 |
| Max drawdown (3Y) | -86.1% | -36.0% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDTC | MTRX |
|---|---|---|
| 2022 | – | -17.3% |
| 2023 | – | +57.2% |
| 2024 | -30.6% | +22.4% |
| 2025 | -60.7% | -2.3% |
| 2026 | -28.8% | -6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDTC and MTRX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between GDTC and MTRX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.33 over the last year and n/a over 5 years.
Is MTRX a good diversifier for GDTC?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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
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Related comparisons
Hubs: GDTC correlations · MTRX correlations
