MAMO vs TER: Correlation
Measured on weekly returns over the past three years, Massimo Group (MAMO) and Teradyne (TER) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAMO and TER?
Over the past 3 years, MAMO and TER moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.24 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1147.9 %².
Within MAMO's tracked universe of 23 assets, TER comes in at #18 by 3-year correlation. The last year tells two different stories: TER led by 284.9 percentage points, -66.1% for MAMO against +218.8% for TER. Note the risk asymmetry: MAMO runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MAMO vs TER: side by side
| MAMO (Massimo Group) | TER (Teradyne) | |
|---|---|---|
| 1-year return | -66.1% | +218.8% |
| 5-year return | n/a | +207.9% |
| Volatility (ann.) | 87.3% | 52.5% |
| Beta vs S&P 500 | 0.53 | 1.70 |
| Max drawdown (3Y) | -83.6% | -58.2% |
| Market cap | – | $58.2B |
| P/E (trailing) | 10.0 | 50.0 |
| Dividend yield | 0.00% | 0.14% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | MAMO | TER |
|---|---|---|
| 2022 | – | -46.3% |
| 2023 | – | +24.8% |
| 2024 | – | +16.5% |
| 2025 | +54.9% | +54.4% |
| 2026 | -74.9% | +92.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAMO and TER good diversifiers for each other?
Yes. With a correlation of -0.24, MAMO and TER have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MAMO and TER?
As of 2026-08-27, the correlation of weekly returns between MAMO and TER is -0.24 over 3 years, -0.37 over 1 year and n/a over 5 years.
Is TER a good diversifier for MAMO?
Yes. With a correlation of -0.24, MAMO and TER have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: MAMO correlations · TER correlations
