IMTE vs MACI: Correlation
How closely do Integrated Media Technology Limited (IMTE) and Melar Acquisition Corp. I - Class A (MACI) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMTE and MACI?
Over the past 3 years, IMTE and MACI moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.27 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -96.3 %².
Among the 10 assets we track against IMTE, MACI sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with MACI ahead by 54.0 points (-49.6% versus +4.4%). One caveat on sizing: IMTE is 78.1 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.
IMTE vs MACI: side by side
| IMTE (Integrated Media Technology Limited) | MACI (Melar Acquisition Corp. I - Class A) | |
|---|---|---|
| 1-year return | -49.6% | +4.4% |
| 5-year return | -99.0% | n/a |
| Volatility (ann.) | 164.0% | 2.1% |
| Beta vs S&P 500 | -0.05 | -0.03 |
| Max drawdown (3Y) | -90.0% | -2.0% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 60.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMTE | MACI |
|---|---|---|
| 2022 | -84.6% | – |
| 2023 | -60.6% | – |
| 2024 | -53.9% | – |
| 2025 | -51.9% | +5.7% |
| 2026 | -19.5% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMTE and MACI good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between IMTE and MACI?
The IMTE/MACI correlation stands at -0.27 on a 3-year window (1 year: -0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MACI a good diversifier for IMTE?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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/imte-vs-maci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/imte-vs-maci/)
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Related comparisons
Hubs: IMTE correlations · MACI correlations
