LPTH vs MTEK: Correlation
Measured on weekly returns over the past three years, LightPath Technologies, Inc. (LPTH) and Maris-Tech Ltd. (MTEK) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPTH and MTEK?
Across a 3-year window, the weekly returns of LPTH and MTEK correlate at 0.46, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.46 over 3. Stretching to 5 years gives 0.41, with an annualized covariance of 3178.2 %².
MTEK is one of the assets that tracks LPTH most closely: it ranks #1 out of the 10 assets we track against LPTH. Correlation aside, the last 12 months split them widely, with LPTH ahead by 246.0 points (+187.3% versus -58.7%).
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.
LPTH vs MTEK: side by side
| LPTH (LightPath Technologies, Inc.) | MTEK (Maris-Tech Ltd.) | |
|---|---|---|
| 1-year return | +187.3% | -58.7% |
| 5-year return | +499.6% | -65.4% |
| Volatility (ann.) | 79.6% | 86.5% |
| Beta vs S&P 500 | 1.33 | 1.15 |
| Max drawdown (3Y) | -61.1% | -83.2% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPTH | MTEK |
|---|---|---|
| 2022 | -50.0% | – |
| 2023 | +3.3% | +25.3% |
| 2024 | +180.2% | +384.6% |
| 2025 | +205.9% | -77.0% |
| 2026 | +27.7% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPTH and MTEK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LPTH and MTEK?
As of 2026-08-27, the correlation of weekly returns between LPTH and MTEK is 0.46 over 3 years, 0.41 over 1 year and 0.41 over 5 years.
Is MTEK a good diversifier for LPTH?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/lpth-vs-mtek.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lpth-vs-mtek/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LPTH correlations · MTEK correlations
