MTC vs ZBH: Correlation
How closely do MMTec, Inc. (MTC) and Zimmer Biomet (ZBH) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTC and ZBH?
Over the past 3 years, MTC and ZBH moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.24 over 3 years. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1593.0 %².
Among the 18 assets we track against MTC, ZBH ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MTC outperformed by 308.0 percentage points (+302.1% for MTC against -5.9% for ZBH). One caveat on sizing: MTC is 10.5 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 ZBH: side by side
| MTC (MMTec, Inc.) | ZBH (Zimmer Biomet) | |
|---|---|---|
| 1-year return | +302.1% | -5.9% |
| 5-year return | -96.8% | -28.6% |
| Volatility (ann.) | 261.2% | 24.9% |
| Beta vs S&P 500 | 0.26 | 0.51 |
| Max drawdown (3Y) | -99.6% | -38.8% |
| Market cap | $0.4B | $19.0B |
| P/E (trailing) | 5.1 | 24.6 |
| Dividend yield | 0.00% | 0.95% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MTC | ZBH |
|---|---|---|
| 2022 | -88.3% | +4.2% |
| 2023 | +29.0% | -3.8% |
| 2024 | -80.4% | -12.5% |
| 2025 | +117.8% | -14.0% |
| 2026 | +11.7% | +11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTC and ZBH good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between MTC and ZBH?
As of 2026-08-27, the correlation of weekly returns between MTC and ZBH is -0.24 over 3 years, -0.45 over 1 year and -0.14 over 5 years.
Is ZBH a good diversifier for MTC?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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-zbh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mtc-vs-zbh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTC correlations · ZBH correlations
