MANH vs TTGT: Correlation
How closely do Manhattan Associates, Inc. (MANH) and TechTarget, Inc. (TTGT) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MANH and TTGT?
Over the past 3 years, MANH and TTGT moved with a correlation of 0.45, which is moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.45). Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 1171.5 %².
By 3-year correlation, TTGT places #7 of the 13 assets tracked against MANH. Correlation aside, the last 12 months split them widely, with MANH ahead by 37.9 points (+2.2% versus -35.7%).
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.
MANH vs TTGT: side by side
| MANH (Manhattan Associates, Inc.) | TTGT (TechTarget, Inc.) | |
|---|---|---|
| 1-year return | +2.2% | -35.7% |
| 5-year return | +35.7% | -95.3% |
| Volatility (ann.) | 41.7% | 62.4% |
| Beta vs S&P 500 | 1.25 | 1.47 |
| Max drawdown (3Y) | -61.0% | -91.4% |
| Market cap | $13.0B | $0.3B |
| P/E (trailing) | 63.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MANH | TTGT |
|---|---|---|
| 2022 | -21.9% | -53.9% |
| 2023 | +77.4% | -20.9% |
| 2024 | +25.5% | -43.1% |
| 2025 | -35.9% | -72.8% |
| 2026 | +29.1% | -27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MANH and TTGT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MANH and TTGT?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.63 over the last year and 0.47 over 5 years.
Is TTGT a good diversifier for MANH?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/manh-vs-ttgt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/manh-vs-ttgt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MANH correlations · TTGT correlations
