MTC vs PRGO: Correlation
How closely do MMTec, Inc. (MTC) and Perrigo Company plc (PRGO) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTC and PRGO?
Across a 3-year window, the weekly returns of MTC and PRGO correlate at -0.30, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.30). Stretching to 5 years gives -0.21, with an annualized covariance of -3423.3 %².
PRGO is close to the least connected end of MTC's tracked universe, ranking #17 of 18. The last year tells two different stories: MTC led by 338.2 percentage points, +302.1% for MTC against -36.1% for PRGO. Note the risk asymmetry: MTC runs 6.0 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.
MTC vs PRGO: side by side
| MTC (MMTec, Inc.) | PRGO (Perrigo Company plc) | |
|---|---|---|
| 1-year return | +302.1% | -36.1% |
| 5-year return | -96.8% | -56.9% |
| Volatility (ann.) | 261.2% | 43.6% |
| Beta vs S&P 500 | 0.26 | 0.82 |
| Max drawdown (3Y) | -99.6% | -71.6% |
| Market cap | $0.4B | $2.0B |
| P/E (trailing) | 5.1 | – |
| Dividend yield | 0.00% | 7.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTC | PRGO |
|---|---|---|
| 2022 | -88.3% | -9.8% |
| 2023 | +29.0% | -2.5% |
| 2024 | -80.4% | -16.9% |
| 2025 | +117.8% | -44.0% |
| 2026 | +11.7% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTC and PRGO good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between MTC and PRGO?
The MTC/PRGO correlation stands at -0.30 on a 3-year window (1 year: -0.48, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is PRGO a good diversifier for MTC?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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.
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Related comparisons
Hubs: MTC correlations · PRGO correlations
