HAE vs MTC: Correlation
Haemonetics Corporation (HAE) and MMTec, Inc. (MTC) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAE and MTC?
Over the past 3 years, HAE and MTC moved with a correlation of 0.34, which is moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.34). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 4068.3 %².
By 3-year correlation, MTC places #6 of the 12 assets tracked against HAE. Correlation aside, the last 12 months split them widely, with MTC ahead by 211.3 points (+90.8% versus +302.1%). One caveat on sizing: MTC is 5.7 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.
HAE vs MTC: side by side
| HAE (Haemonetics Corporation) | MTC (MMTec, Inc.) | |
|---|---|---|
| 1-year return | +90.8% | +302.1% |
| 5-year return | +69.8% | -96.8% |
| Volatility (ann.) | 46.1% | 261.2% |
| Beta vs S&P 500 | 0.53 | 0.26 |
| Max drawdown (3Y) | -51.0% | -99.6% |
| Market cap | $4.8B | $0.4B |
| P/E (trailing) | 51.5 | 5.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAE | MTC |
|---|---|---|
| 2022 | +48.3% | -88.3% |
| 2023 | +8.7% | +29.0% |
| 2024 | -8.7% | -80.4% |
| 2025 | +2.7% | +117.8% |
| 2026 | +31.0% | +11.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAE and MTC good diversifiers for each other?
Reasonably. At 0.34, HAE and MTC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HAE and MTC?
As of 2026-08-27, the correlation of weekly returns between HAE and MTC is 0.34 over 3 years, 0.57 over 1 year and 0.24 over 5 years.
Is MTC a good diversifier for HAE?
Reasonably. At 0.34, HAE and MTC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hae-vs-mtc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hae-vs-mtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAE correlations · MTC correlations
