HTCO vs ITP: Correlation
High-Trend International Group - Class A (HTCO) and IT Tech Packaging, Inc. (ITP) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTCO and ITP?
On 3 years of weekly data the HTCO/ITP correlation comes out at 0.42, moderate. The past 12 months show a weaker link (0.10) than the 3-year average (0.42). The 5-year figure is 0.31, and annualized covariance runs at 5722.9 %².
Few assets follow HTCO as closely as ITP, which ranks #1 of 15 tracked partners. Their recent paths diverged sharply: over the last 12 months ITP outperformed by 68.0 percentage points (-77.8% for HTCO against -9.8% for ITP). Note the risk asymmetry: HTCO runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HTCO vs ITP: side by side
| HTCO (High-Trend International Group - Class A) | ITP (IT Tech Packaging, Inc.) | |
|---|---|---|
| 1-year return | -77.8% | -9.8% |
| 5-year return | -98.9% | -95.6% |
| Volatility (ann.) | 143.5% | 94.0% |
| Beta vs S&P 500 | -0.60 | 0.05 |
| Max drawdown (3Y) | -97.5% | -76.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTCO | ITP |
|---|---|---|
| 2022 | -87.1% | -80.0% |
| 2023 | -63.0% | -32.6% |
| 2024 | +608.5% | +93.5% |
| 2025 | -89.9% | -63.3% |
| 2026 | -69.1% | -18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTCO and ITP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HTCO and ITP?
The HTCO/ITP correlation stands at 0.42 on a 3-year window (1 year: 0.10, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is ITP a good diversifier for HTCO?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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/htco-vs-itp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/htco-vs-itp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HTCO correlations · ITP correlations
