MNTS vs OTLK: Correlation
Momentus Inc. (MNTS) and Outlook Therapeutics, Inc. (OTLK) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNTS and OTLK?
Over the past 3 years, MNTS and OTLK moved with a correlation of 0.36, which is moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 10578.7 %².
Among the 15 assets we track against MNTS, OTLK ranks #7 by 3-year correlation. Over the last 12 months OTLK came out ahead by 10.3 percentage points (-83.3% against -73.0%).
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.
MNTS vs OTLK: side by side
| MNTS (Momentus Inc.) | OTLK (Outlook Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -83.3% | -73.0% |
| 5-year return | -100.0% | -98.8% |
| Volatility (ann.) | 205.9% | 143.2% |
| Beta vs S&P 500 | 3.44 | 0.95 |
| Max drawdown (3Y) | -99.9% | -99.3% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNTS | OTLK |
|---|---|---|
| 2022 | -81.3% | -20.6% |
| 2023 | -95.6% | -63.5% |
| 2024 | -67.3% | -76.0% |
| 2025 | -96.6% | -16.4% |
| 2026 | -12.3% | -59.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNTS and OTLK good diversifiers for each other?
Reasonably. At 0.36, MNTS and OTLK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MNTS and OTLK?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.45 over the last year and 0.33 over 5 years.
Is OTLK a good diversifier for MNTS?
Reasonably. At 0.36, MNTS and OTLK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mnts-vs-otlk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnts-vs-otlk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MNTS correlations · OTLK correlations
