MTW vs OPHC: Correlation
Measured on weekly returns over the past three years, Manitowoc Company, Inc. (The) (MTW) and OptimumBank Holdings, Inc. (OPHC) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTW and OPHC?
Across a 3-year window, the weekly returns of MTW and OPHC correlate at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 745.9 %².
Within MTW's tracked universe of 18 assets, OPHC comes in at #12 by 3-year correlation. The trailing year gives OPHC the advantage: +88.0% versus +100.0%, a 12.0-point spread. Risk is not evenly split, since MTW carries 1.7 times the volatility of the other side.
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.
MTW vs OPHC: side by side
| MTW (Manitowoc Company, Inc. (The)) | OPHC (OptimumBank Holdings, Inc.) | |
|---|---|---|
| 1-year return | +88.0% | +100.0% |
| 5-year return | -22.9% | +84.4% |
| Volatility (ann.) | 53.7% | 32.0% |
| Beta vs S&P 500 | 1.63 | 0.67 |
| Max drawdown (3Y) | -58.5% | -34.1% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | 34.6 | 10.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTW | OPHC |
|---|---|---|
| 2022 | -50.7% | +4.1% |
| 2023 | +82.2% | +2.2% |
| 2024 | -45.3% | +13.9% |
| 2025 | +31.3% | -10.7% |
| 2026 | +58.5% | +105.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTW and OPHC good diversifiers for each other?
Reasonably. At 0.43, MTW and OPHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MTW and OPHC?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.49 over the last year and 0.30 over 5 years.
Is OPHC a good diversifier for MTW?
Reasonably. At 0.43, MTW and OPHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: MTW correlations · OPHC correlations
