ITP vs SPCB: Correlation
How closely do IT Tech Packaging, Inc. (ITP) and SuperCom, Ltd. (SPCB) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITP and SPCB?
Across a 3-year window, the weekly returns of ITP and SPCB correlate at 0.54, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.54 over 3 years. Stretching to 5 years gives 0.42, with an annualized covariance of 6002.5 %².
Few assets follow ITP as closely as SPCB, which ranks #2 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with SPCB ahead by 21.9 points (-9.8% versus +12.1%).
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.
ITP vs SPCB: side by side
| ITP (IT Tech Packaging, Inc.) | SPCB (SuperCom, Ltd.) | |
|---|---|---|
| 1-year return | -9.8% | +12.1% |
| 5-year return | -95.6% | -95.6% |
| Volatility (ann.) | 94.0% | 119.2% |
| Beta vs S&P 500 | 0.05 | 1.19 |
| Max drawdown (3Y) | -76.1% | -84.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITP | SPCB |
|---|---|---|
| 2022 | -80.0% | -68.2% |
| 2023 | -32.6% | -78.1% |
| 2024 | +93.5% | -38.2% |
| 2025 | -63.3% | +87.8% |
| 2026 | -18.0% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITP and SPCB good diversifiers for each other?
Only partially. A correlation of 0.54 means ITP and SPCB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ITP and SPCB?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.34 over the last year and 0.42 over 5 years.
Is SPCB a good diversifier for ITP?
Only partially. A correlation of 0.54 means ITP and SPCB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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
$ curl https://www.pairbook.io/api/v1/pairs/itp-vs-spcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/itp-vs-spcb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITP correlations · SPCB correlations
