IDT vs METC: Correlation
How closely do IDT Corporation (IDT) and Ramaco Resources, Inc. (METC) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDT and METC?
Over the past 3 years, IDT and METC moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.24). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -706.8 %².
By 3-year correlation, METC places #9 of the 14 assets tracked against IDT. Their recent paths diverged sharply: over the last 12 months IDT outperformed by 54.2 percentage points (+9.1% for IDT against -45.1% for METC). Risk is not evenly split, since METC carries 2.5 times the volatility of the other side.
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.
IDT vs METC: side by side
| IDT (IDT Corporation) | METC (Ramaco Resources, Inc.) | |
|---|---|---|
| 1-year return | +9.1% | -45.1% |
| 5-year return | +58.8% | +83.2% |
| Volatility (ann.) | 34.0% | 86.1% |
| Beta vs S&P 500 | 0.70 | 1.13 |
| Max drawdown (3Y) | -33.2% | -83.7% |
| Market cap | – | $0.9B |
| P/E (trailing) | 21.2 | – |
| Dividend yield | 0.36% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IDT | METC |
|---|---|---|
| 2022 | -36.2% | -33.0% |
| 2023 | +21.0% | +105.9% |
| 2024 | +40.1% | -37.9% |
| 2025 | +8.2% | +77.9% |
| 2026 | +34.8% | -22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDT and METC good diversifiers for each other?
Yes. With a correlation of -0.24, IDT and METC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IDT and METC?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.35 over the last year and -0.17 over 5 years.
Is METC a good diversifier for IDT?
Yes. With a correlation of -0.24, IDT and METC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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.
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Related comparisons
Hubs: IDT correlations · METC correlations
