MITQ vs PXLW: Correlation
How closely do Moving iMage Technologies, Inc. (MITQ) and Pixelworks, Inc. (PXLW) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MITQ and PXLW?
Across a 3-year window, the weekly returns of MITQ and PXLW correlate at 0.38, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.38). Stretching to 5 years gives 0.34, with an annualized covariance of 3159.7 %².
Within MITQ's tracked universe of 10 assets, PXLW comes in at #5 by 3-year correlation. On 12-month performance PXLW holds a 9.0-point edge, -22.6% against -13.6%.
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 PXLW: side by side
| MITQ (Moving iMage Technologies, Inc.) | PXLW (Pixelworks, Inc.) | |
|---|---|---|
| 1-year return | -22.6% | -13.6% |
| 5-year return | -82.9% | -90.7% |
| Volatility (ann.) | 84.1% | 99.0% |
| Beta vs S&P 500 | -0.11 | 1.41 |
| Max drawdown (3Y) | -66.4% | -86.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MITQ | PXLW |
|---|---|---|
| 2022 | -45.2% | -59.8% |
| 2023 | -17.8% | -26.0% |
| 2024 | -31.2% | -44.3% |
| 2025 | +1.7% | -27.4% |
| 2026 | -12.2% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MITQ and PXLW good diversifiers for each other?
Reasonably. At 0.38, MITQ and PXLW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MITQ and PXLW?
As of 2026-08-27, the correlation of weekly returns between MITQ and PXLW is 0.38 over 3 years, 0.55 over 1 year and 0.34 over 5 years.
Is PXLW a good diversifier for MITQ?
Reasonably. At 0.38, MITQ and PXLW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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/mitq-vs-pxlw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mitq-vs-pxlw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MITQ correlations · PXLW correlations
