MITQ vs ORI: Correlation
Measured on weekly returns over the past three years, Moving iMage Technologies, Inc. (MITQ) and Old Republic International Corporation (ORI) 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 MITQ and ORI?
Over the past 3 years, MITQ and ORI moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -418.6 %².
Out of 10 assets tracked against MITQ, ORI lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with ORI ahead by 37.6 points (-22.6% versus +15.0%). Note the risk asymmetry: MITQ runs 4.0 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.
MITQ vs ORI: side by side
| MITQ (Moving iMage Technologies, Inc.) | ORI (Old Republic International Corporation) | |
|---|---|---|
| 1-year return | -22.6% | +15.0% |
| 5-year return | -82.9% | +137.4% |
| Volatility (ann.) | 84.1% | 21.1% |
| Beta vs S&P 500 | -0.11 | 0.28 |
| Max drawdown (3Y) | -66.4% | -16.2% |
| Market cap | – | $10.2B |
| P/E (trailing) | – | 9.3 |
| Dividend yield | 0.00% | 2.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MITQ | ORI |
|---|---|---|
| 2022 | -45.2% | +6.7% |
| 2023 | -17.8% | +26.3% |
| 2024 | -31.2% | +27.1% |
| 2025 | +1.7% | +37.5% |
| 2026 | -12.2% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MITQ and ORI good diversifiers for each other?
Yes. With a correlation of -0.24, MITQ and ORI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MITQ and ORI?
The MITQ/ORI correlation stands at -0.24 on a 3-year window (1 year: -0.18, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is ORI a good diversifier for MITQ?
Yes. With a correlation of -0.24, MITQ and ORI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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-ori.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mitq-vs-ori/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MITQ correlations · ORI correlations
