MTC vs TCMD: Correlation
How closely do MMTec, Inc. (MTC) and Tactile Systems Technology, Inc. (TCMD) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTC and TCMD?
Across a 3-year window, the weekly returns of MTC and TCMD correlate at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.74) runs above the 3-year figure (0.39). Stretching to 5 years gives 0.30, with an annualized covariance of 6421.2 %².
TCMD is one of the assets that tracks MTC most closely: it ranks #1 out of the 18 assets we track against MTC. The last year tells two different stories: MTC led by 226.4 percentage points, +302.1% for MTC against +75.7% for TCMD. Note the risk asymmetry: MTC runs 4.1 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 TCMD: side by side
| MTC (MMTec, Inc.) | TCMD (Tactile Systems Technology, Inc.) | |
|---|---|---|
| 1-year return | +302.1% | +75.7% |
| 5-year return | -96.8% | -47.2% |
| Volatility (ann.) | 261.2% | 63.6% |
| Beta vs S&P 500 | 0.26 | 0.87 |
| Max drawdown (3Y) | -99.6% | -51.8% |
| Market cap | $0.4B | $0.5B |
| P/E (trailing) | 5.1 | 22.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTC | TCMD |
|---|---|---|
| 2022 | -88.3% | -39.7% |
| 2023 | +29.0% | +24.6% |
| 2024 | -80.4% | +19.8% |
| 2025 | +117.8% | +69.3% |
| 2026 | +11.7% | -20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTC and TCMD 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 MTC and TCMD?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.74 over the last year and 0.30 over 5 years.
Is TCMD a good diversifier for MTC?
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/mtc-vs-tcmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mtc-vs-tcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTC correlations · TCMD correlations
