MVST vs TISI: Correlation
Microvast Holdings, Inc. (MVST) and Team, Inc. (TISI) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MVST and TISI?
Over the past 3 years, MVST and TISI moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.17 versus -0.34 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -5047.5 %².
TISI is close to the least connected end of MVST's tracked universe, ranking #39 of 41. Their recent paths diverged sharply: over the last 12 months TISI outperformed by 94.2 percentage points (-71.2% for MVST against +23.0% for TISI). Risk is not evenly split, since MVST carries 3.0 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 TISI: side by side
| MVST (Microvast Holdings, Inc.) | TISI (Team, Inc.) | |
|---|---|---|
| 1-year return | -71.2% | +23.0% |
| 5-year return | -91.6% | -43.8% |
| Volatility (ann.) | 209.2% | 70.2% |
| Beta vs S&P 500 | 0.26 | 0.22 |
| Max drawdown (3Y) | -92.8% | -50.0% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MVST | TISI |
|---|---|---|
| 2022 | -73.0% | -51.8% |
| 2023 | -8.5% | +25.7% |
| 2024 | +47.9% | +92.1% |
| 2025 | +35.3% | +11.4% |
| 2026 | -72.5% | +69.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MVST and TISI good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MVST and TISI?
As of 2026-08-27, the correlation of weekly returns between MVST and TISI is -0.34 over 3 years, -0.17 over 1 year and -0.20 over 5 years.
Is TISI a good diversifier for MVST?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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-tisi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mvst-vs-tisi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MVST correlations · TISI correlations
