MTC vs PRMB: Correlation
How closely do MMTec, Inc. (MTC) and Primo Brands Corporation (PRMB) trade together? Their weekly returns over three years give a correlation of -0.36, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTC and PRMB?
On 3 years of weekly data the MTC/PRMB correlation comes out at -0.36, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.61 versus -0.36 over 3 years. The 5-year figure is -0.28, and annualized covariance runs at -3721.9 %².
PRMB is close to the least connected end of MTC's tracked universe, ranking #18 of 18. The last year tells two different stories: MTC led by 312.0 percentage points, +302.1% for MTC against -9.9% for PRMB. One caveat on sizing: MTC is 6.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PRMB: side by side
| MTC (MMTec, Inc.) | PRMB (Primo Brands Corporation) | |
|---|---|---|
| 1-year return | +302.1% | -9.9% |
| 5-year return | -96.8% | +43.1% |
| Volatility (ann.) | 261.2% | 39.7% |
| Beta vs S&P 500 | 0.26 | 0.62 |
| Max drawdown (3Y) | -99.6% | -59.1% |
| Market cap | $0.4B | $8.1B |
| P/E (trailing) | 5.1 | 77.4 |
| Dividend yield | 0.00% | 1.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTC | PRMB |
|---|---|---|
| 2022 | -88.3% | -10.1% |
| 2023 | +29.0% | -0.9% |
| 2024 | -80.4% | +114.6% |
| 2025 | +117.8% | -46.0% |
| 2026 | +11.7% | +39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTC and PRMB good diversifiers for each other?
Yes. With a correlation of -0.36, MTC and PRMB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MTC and PRMB?
As of 2026-08-27, the correlation of weekly returns between MTC and PRMB is -0.36 over 3 years, -0.61 over 1 year and -0.28 over 5 years.
Is PRMB a good diversifier for MTC?
Yes. With a correlation of -0.36, MTC and PRMB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.36 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.
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Related comparisons
Hubs: MTC correlations · PRMB correlations
