LDI vs MITQ: Correlation
How closely do loanDepot, Inc. (LDI) and Moving iMage Technologies, Inc. (MITQ) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LDI and MITQ?
Over the past 3 years, LDI and MITQ moved with a correlation of 0.38, which is moderate. The past 12 months show a tighter link (0.57) than the 3-year average (0.38). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 2742.1 %².
Within LDI's tracked universe of 13 assets, MITQ comes in at #7 by 3-year correlation. The last year tells two different stories: MITQ led by 31.1 percentage points, -53.7% for LDI against -22.6% for MITQ.
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.
LDI vs MITQ: side by side
| LDI (loanDepot, Inc.) | MITQ (Moving iMage Technologies, Inc.) | |
|---|---|---|
| 1-year return | -53.7% | -22.6% |
| 5-year return | -87.7% | -82.9% |
| Volatility (ann.) | 85.9% | 84.1% |
| Beta vs S&P 500 | 1.47 | -0.11 |
| Max drawdown (3Y) | -81.3% | -66.4% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LDI | MITQ |
|---|---|---|
| 2022 | -64.9% | -45.2% |
| 2023 | +113.3% | -17.8% |
| 2024 | -42.0% | -31.2% |
| 2025 | +1.5% | +1.7% |
| 2026 | -53.0% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LDI and MITQ good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LDI and MITQ?
As of 2026-08-27, the correlation of weekly returns between LDI and MITQ is 0.38 over 3 years, 0.57 over 1 year and 0.33 over 5 years.
Is MITQ a good diversifier for LDI?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/ldi-vs-mitq.json
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[](https://www.pairbook.io/pair/ldi-vs-mitq/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LDI correlations · MITQ correlations
