IMTE vs SNX: Correlation
How closely do Integrated Media Technology Limited (IMTE) and TD SYNNEX Corporation (SNX) 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 SNX?
On 3 years of weekly data the IMTE/SNX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.08 versus -0.27 over 3 years. The 5-year figure is -0.16, and annualized covariance runs at -1403.3 %².
SNX is close to the least connected end of IMTE's tracked universe, ranking #10 of 10. The last year tells two different stories: SNX led by 125.8 percentage points, -49.6% for IMTE against +76.2% for SNX. One caveat on sizing: IMTE is 5.2 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 SNX: side by side
| IMTE (Integrated Media Technology Limited) | SNX (TD SYNNEX Corporation) | |
|---|---|---|
| 1-year return | -49.6% | +76.2% |
| 5-year return | -99.0% | +114.5% |
| Volatility (ann.) | 164.0% | 31.3% |
| Beta vs S&P 500 | -0.05 | 1.15 |
| Max drawdown (3Y) | -90.0% | -33.8% |
| Market cap | – | – |
| P/E (trailing) | – | 18.6 |
| Dividend yield | 0.00% | 0.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMTE | SNX |
|---|---|---|
| 2022 | -84.6% | -16.1% |
| 2023 | -60.6% | +15.3% |
| 2024 | -53.9% | +10.5% |
| 2025 | -51.9% | +29.8% |
| 2026 | -19.5% | +74.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMTE and SNX good diversifiers for each other?
Yes. With a correlation of -0.27, IMTE and SNX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IMTE and SNX?
As of 2026-08-27, the correlation of weekly returns between IMTE and SNX is -0.27 over 3 years, -0.08 over 1 year and -0.16 over 5 years.
Is SNX a good diversifier for IMTE?
Yes. With a correlation of -0.27, IMTE and SNX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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
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Related comparisons
Hubs: IMTE correlations · SNX correlations
