INHD vs MTEN: Correlation
How closely do Inno Holdings Inc. (INHD) and Mingteng International Corporation Inc. - Class A (MTEN) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INHD and MTEN?
Across a 3-year window, the weekly returns of INHD and MTEN correlate at 0.49, moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.49). Stretching to 5 years gives n/a, with an annualized covariance of 211353.2 %².
Within INHD's tracked universe of 25 assets, MTEN comes in at #4 by 3-year correlation. Twelve-month performance is nearly a tie, at -99.8% for INHD and -100.0% for MTEN. One caveat on sizing: INHD is 12.4 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.
INHD vs MTEN: side by side
| INHD (Inno Holdings Inc.) | MTEN (Mingteng International Corporation Inc. - Class A) | |
|---|---|---|
| 1-year return | -99.8% | -100.0% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 2238.2% | 179.9% |
| Beta vs S&P 500 | -0.52 | 2.36 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | 0.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INHD | MTEN |
|---|---|---|
| 2024 | -67.3% | – |
| 2025 | -99.0% | -86.5% |
| 2026 | -73.7% | -99.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INHD and MTEN good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INHD and MTEN?
As of 2026-08-27, the correlation of weekly returns between INHD and MTEN is 0.49 over 3 years, 0.70 over 1 year and n/a over 5 years.
Is MTEN a good diversifier for INHD?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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/inhd-vs-mten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inhd-vs-mten/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INHD correlations · MTEN correlations
