MITK vs RMT: Correlation
Measured on weekly returns over the past three years, Mitek Systems, Inc. (MITK) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MITK and RMT?
Over the past 3 years, MITK and RMT moved with a correlation of 0.44, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 463.0 %².
By 3-year correlation, RMT places #5 of the 14 assets tracked against MITK. Correlation aside, the last 12 months split them widely, with MITK ahead by 38.3 points (+86.7% versus +48.4%). Note the risk asymmetry: MITK runs 2.5 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.
MITK vs RMT: side by side
| MITK (Mitek Systems, Inc.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +86.7% | +48.4% |
| 5-year return | -15.0% | +80.1% |
| Volatility (ann.) | 51.1% | 20.5% |
| Beta vs S&P 500 | 1.14 | 1.09 |
| Max drawdown (3Y) | -52.1% | -26.4% |
| Market cap | $0.9B | $0.8B |
| P/E (trailing) | 40.9 | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MITK | RMT |
|---|---|---|
| 2022 | -45.4% | -16.8% |
| 2023 | +34.6% | +15.8% |
| 2024 | -14.6% | +14.0% |
| 2025 | -5.2% | +16.1% |
| 2026 | +82.1% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MITK and RMT good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MITK and RMT?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.43 over the last year and 0.48 over 5 years.
Is RMT a good diversifier for MITK?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/mitk-vs-rmt.json
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Related comparisons
Hubs: MITK correlations · RMT correlations
