MITQ vs WLDS: Correlation
Moving iMage Technologies, Inc. (MITQ) and Wearable Devices Ltd. (WLDS) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MITQ and WLDS?
On 3 years of weekly data the MITQ/WLDS correlation comes out at 0.39, moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.39). The 5-year figure is 0.39, and annualized covariance runs at 15732.6 %².
Few assets follow MITQ as closely as WLDS, which ranks #3 of 10 tracked partners. The last year tells two different stories: MITQ led by 53.9 percentage points, -22.6% for MITQ against -76.5% for WLDS. Note the risk asymmetry: WLDS runs 5.7 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 WLDS: side by side
| MITQ (Moving iMage Technologies, Inc.) | WLDS (Wearable Devices Ltd.) | |
|---|---|---|
| 1-year return | -22.6% | -76.5% |
| 5-year return | -82.9% | n/a |
| Volatility (ann.) | 84.1% | 475.5% |
| Beta vs S&P 500 | -0.11 | 3.22 |
| Max drawdown (3Y) | -66.4% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MITQ | WLDS |
|---|---|---|
| 2022 | -45.2% | – |
| 2023 | -17.8% | -21.1% |
| 2024 | -31.2% | -68.3% |
| 2025 | +1.7% | -86.9% |
| 2026 | -12.2% | -77.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MITQ and WLDS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MITQ and WLDS?
As of 2026-08-27, the correlation of weekly returns between MITQ and WLDS is 0.39 over 3 years, 0.64 over 1 year and 0.39 over 5 years.
Is WLDS a good diversifier for MITQ?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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-wlds.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mitq-vs-wlds/)
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Related comparisons
Hubs: MITQ correlations · WLDS correlations
