IMTE vs WOR: Correlation
Measured on weekly returns over the past three years, Integrated Media Technology Limited (IMTE) and Worthington Enterprises, Inc. (WOR) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMTE and WOR?
Over the past 3 years, IMTE and WOR moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.39). Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 2217.8 %².
Within IMTE's tracked universe of 10 assets, WOR comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WOR ahead by 36.5 points (-49.6% versus -13.1%). One caveat on sizing: IMTE is 4.7 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.
IMTE vs WOR: side by side
| IMTE (Integrated Media Technology Limited) | WOR (Worthington Enterprises, Inc.) | |
|---|---|---|
| 1-year return | -49.6% | -13.1% |
| 5-year return | -99.0% | +73.3% |
| Volatility (ann.) | 164.0% | 34.7% |
| Beta vs S&P 500 | -0.05 | 0.83 |
| Max drawdown (3Y) | -90.0% | -42.4% |
| Market cap | – | $2.8B |
| P/E (trailing) | – | 18.5 |
| Dividend yield | 0.00% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMTE | WOR |
|---|---|---|
| 2022 | -84.6% | -6.9% |
| 2023 | -60.6% | +91.6% |
| 2024 | -53.9% | -29.3% |
| 2025 | -51.9% | +30.3% |
| 2026 | -19.5% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMTE and WOR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IMTE and WOR?
As of 2026-08-27, the correlation of weekly returns between IMTE and WOR is 0.39 over 3 years, 0.06 over 1 year and 0.19 over 5 years.
Is WOR a good diversifier for IMTE?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/imte-vs-wor.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/imte-vs-wor/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IMTE correlations · WOR correlations
