MTEN vs OCC: Correlation
How closely do Mingteng International Corporation Inc. - Class A (MTEN) and Optical Cable Corporation (OCC) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTEN and OCC?
Over the past 3 years, MTEN and OCC moved with a correlation of 0.36, which is moderate. The past 12 months show a tighter link (0.49) than the 3-year average (0.36). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 7428.1 %².
Among the 17 assets we track against MTEN, OCC ranks #4 by 3-year correlation. The last year tells two different stories: OCC led by 217.6 percentage points, -100.0% for MTEN against +117.6% for OCC. Note the risk asymmetry: MTEN runs 1.7 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.
MTEN vs OCC: side by side
| MTEN (Mingteng International Corporation Inc. - Class A) | OCC (Optical Cable Corporation) | |
|---|---|---|
| 1-year return | -100.0% | +117.6% |
| 5-year return | n/a | +297.7% |
| Volatility (ann.) | 179.9% | 105.3% |
| Beta vs S&P 500 | 2.36 | 1.07 |
| Max drawdown (3Y) | -100.0% | -61.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 106.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTEN | OCC |
|---|---|---|
| 2022 | – | -17.7% |
| 2023 | – | -38.9% |
| 2024 | – | +33.7% |
| 2025 | -86.5% | +23.3% |
| 2026 | -99.4% | +211.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTEN and OCC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MTEN and OCC?
The MTEN/OCC correlation stands at 0.36 on a 3-year window (1 year: 0.49, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is OCC a good diversifier for MTEN?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mten-vs-occ.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mten-vs-occ/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MTEN correlations · OCC correlations
