MTEN vs SYPR: Correlation
How closely do Mingteng International Corporation Inc. - Class A (MTEN) and Sypris Solutions, Inc. (SYPR) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTEN and SYPR?
On 3 years of weekly data the MTEN/SYPR correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -2581.1 %².
Among the 17 assets we track against MTEN, SYPR ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SYPR ahead by 85.5 points (-100.0% versus -14.5%). Note the risk asymmetry: MTEN runs 3.0 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.
MTEN vs SYPR: side by side
| MTEN (Mingteng International Corporation Inc. - Class A) | SYPR (Sypris Solutions, Inc.) | |
|---|---|---|
| 1-year return | -100.0% | -14.5% |
| 5-year return | n/a | -55.9% |
| Volatility (ann.) | 179.9% | 59.0% |
| Beta vs S&P 500 | 2.36 | 0.58 |
| Max drawdown (3Y) | -100.0% | -59.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTEN | SYPR |
|---|---|---|
| 2022 | – | -16.7% |
| 2023 | – | -1.0% |
| 2024 | – | -12.3% |
| 2025 | -86.5% | +37.1% |
| 2026 | -99.4% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTEN and SYPR good diversifiers for each other?
Yes. With a correlation of -0.22, MTEN and SYPR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MTEN and SYPR?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.30 over the last year and n/a over 5 years.
Is SYPR a good diversifier for MTEN?
Yes. With a correlation of -0.22, MTEN and SYPR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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: MTEN correlations · SYPR correlations
