MVST vs SAIC: Correlation
How closely do Microvast Holdings, Inc. (MVST) and Science Applications International Corporation (SAIC) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MVST and SAIC?
On 3 years of weekly data the MVST/SAIC correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.10) than the 3-year average (-0.33). The 5-year figure is -0.24, and annualized covariance runs at -2340.0 %².
Out of 41 assets tracked against MVST, SAIC lands near the bottom at #37. Correlation aside, the last 12 months split them widely, with SAIC ahead by 80.8 points (-71.2% versus +9.6%). Risk is not evenly split, since MVST carries 6.2 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.
MVST vs SAIC: side by side
| MVST (Microvast Holdings, Inc.) | SAIC (Science Applications International Corporation) | |
|---|---|---|
| 1-year return | -71.2% | +9.6% |
| 5-year return | -91.6% | +64.0% |
| Volatility (ann.) | 209.2% | 33.6% |
| Beta vs S&P 500 | 0.26 | 0.36 |
| Max drawdown (3Y) | -92.8% | -45.7% |
| Market cap | $0.3B | $5.5B |
| P/E (trailing) | – | 14.5 |
| Dividend yield | 0.00% | 1.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MVST | SAIC |
|---|---|---|
| 2022 | -73.0% | +34.9% |
| 2023 | -8.5% | +13.6% |
| 2024 | +47.9% | -9.0% |
| 2025 | +35.3% | -8.7% |
| 2026 | -72.5% | +29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MVST and SAIC good diversifiers for each other?
Yes. With a correlation of -0.33, MVST and SAIC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MVST and SAIC?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with 0.10 over the last year and -0.24 over 5 years.
Is SAIC a good diversifier for MVST?
Yes. With a correlation of -0.33, MVST and SAIC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mvst-vs-saic.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mvst-vs-saic/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MVST correlations · SAIC correlations
