MITQ vs ORBS: Correlation
Measured on weekly returns over the past three years, Moving iMage Technologies, Inc. (MITQ) and Eightco Holdings Inc. (ORBS) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MITQ and ORBS?
Across a 3-year window, the weekly returns of MITQ and ORBS correlate at 0.40, moderate. The past 12 months show a tighter link (0.66) than the 3-year average (0.40). Stretching to 5 years gives 0.37, with an annualized covariance of 19120.9 %².
In MITQ's tracked universe of 10 assets, ORBS sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months MITQ outperformed by 22.3 percentage points (-22.6% for MITQ against -44.9% for ORBS). One caveat on sizing: ORBS is 6.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MITQ vs ORBS: side by side
| MITQ (Moving iMage Technologies, Inc.) | ORBS (Eightco Holdings Inc.) | |
|---|---|---|
| 1-year return | -22.6% | -44.9% |
| 5-year return | -82.9% | -100.0% |
| Volatility (ann.) | 84.1% | 575.8% |
| Beta vs S&P 500 | -0.11 | 3.91 |
| Max drawdown (3Y) | -66.4% | -98.7% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MITQ | ORBS |
|---|---|---|
| 2022 | -45.2% | – |
| 2023 | -17.8% | -94.6% |
| 2024 | -31.2% | -14.8% |
| 2025 | +1.7% | -21.0% |
| 2026 | -12.2% | -52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MITQ and ORBS good diversifiers for each other?
Reasonably. At 0.40, MITQ and ORBS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MITQ and ORBS?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.66 over the last year and 0.37 over 5 years.
Is ORBS a good diversifier for MITQ?
Reasonably. At 0.40, MITQ and ORBS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/mitq-vs-orbs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mitq-vs-orbs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MITQ correlations · ORBS correlations
