MCD vs MITQ: Correlation
Measured on weekly returns over the past three years, McDonald's (MCD) and Moving iMage Technologies, Inc. (MITQ) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCD and MITQ?
On 3 years of weekly data the MCD/MITQ correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. The 5-year figure is -0.15, and annualized covariance runs at -414.6 %².
Among the 34 assets we track against MCD, MITQ sits near the bottom by co-movement, at rank #34. The trailing year gives MCD the advantage: -14.5% versus -22.6%, a 8.1-point spread. Risk is not evenly split, since MITQ carries 4.7 times the volatility of the other side.
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.
MCD vs MITQ: side by side
| MCD (McDonald's) | MITQ (Moving iMage Technologies, Inc.) | |
|---|---|---|
| 1-year return | -14.5% | -22.6% |
| 5-year return | +23.3% | -82.9% |
| Volatility (ann.) | 17.8% | 84.1% |
| Beta vs S&P 500 | 0.30 | -0.11 |
| Max drawdown (3Y) | -22.8% | -66.4% |
| Market cap | $184.0B | – |
| P/E (trailing) | 21.7 | – |
| Dividend yield | 2.75% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | MCD | MITQ |
|---|---|---|
| 2022 | +0.5% | -45.2% |
| 2023 | +15.1% | -17.8% |
| 2024 | +0.1% | -31.2% |
| 2025 | +7.9% | +1.7% |
| 2026 | -13.9% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCD and MITQ good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MCD and MITQ?
As of 2026-08-27, the correlation of weekly returns between MCD and MITQ is -0.28 over 3 years, -0.21 over 1 year and -0.15 over 5 years.
Is MITQ a good diversifier for MCD?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mcd-vs-mitq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mcd-vs-mitq/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MCD correlations · MITQ correlations
