RETO vs TDY: Correlation
ReTo Eco-Solutions, Inc. - Class A Shares (RETO) and Teledyne Technologies (TDY) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RETO and TDY?
Over the past 3 years, RETO and TDY moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.15 over 3 years. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -1341.6 %².
Among the 63 assets we track against RETO, TDY ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TDY outperformed by 112.0 percentage points (-96.3% for RETO against +15.7% for TDY). Note the risk asymmetry: RETO runs 18.2 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.
RETO vs TDY: side by side
| RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | TDY (Teledyne Technologies) | |
|---|---|---|
| 1-year return | -96.3% | +15.7% |
| 5-year return | -100.0% | +36.5% |
| Volatility (ann.) | 399.9% | 22.0% |
| Beta vs S&P 500 | -2.83 | 0.76 |
| Max drawdown (3Y) | -99.5% | -18.8% |
| Market cap | – | $29.0B |
| P/E (trailing) | – | 30.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | RETO | TDY |
|---|---|---|
| 2022 | -75.9% | -8.5% |
| 2023 | -99.1% | +11.6% |
| 2024 | -74.9% | +4.0% |
| 2025 | -57.1% | +10.0% |
| 2026 | -81.7% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RETO and TDY good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between RETO and TDY?
The RETO/TDY correlation stands at -0.15 on a 3-year window (1 year: -0.03, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is TDY a good diversifier for RETO?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/reto-vs-tdy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/reto-vs-tdy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RETO correlations · TDY correlations
