AAME vs KE: Correlation
Measured on weekly returns over the past three years, Atlantic American Corporation (AAME) and Kimball Electronics, Inc. (KE) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAME and KE?
Across a 3-year window, the weekly returns of AAME and KE correlate at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.25 versus 0.39 over 3 years. Stretching to 5 years gives 0.31, with an annualized covariance of 985.7 %².
In AAME's tracked universe of 11 assets, KE sits right near the top at #1. The last year tells two different stories: KE led by 39.2 percentage points, -54.2% for AAME against -15.0% for KE.
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.
AAME vs KE: side by side
| AAME (Atlantic American Corporation) | KE (Kimball Electronics, Inc.) | |
|---|---|---|
| 1-year return | -54.2% | -15.0% |
| 5-year return | -57.7% | +0.6% |
| Volatility (ann.) | 59.6% | 42.0% |
| Beta vs S&P 500 | 0.77 | 1.22 |
| Max drawdown (3Y) | -63.5% | -58.5% |
| Market cap | – | $0.6B |
| P/E (trailing) | 5.6 | 21.3 |
| Dividend yield | 1.54% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAME | KE |
|---|---|---|
| 2022 | -4.0% | +3.8% |
| 2023 | +5.9% | +19.3% |
| 2024 | -36.6% | -30.5% |
| 2025 | +86.6% | +48.5% |
| 2026 | -44.5% | -13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAME and KE good diversifiers for each other?
Reasonably. At 0.39, AAME and KE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AAME and KE?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.25 over the last year and 0.31 over 5 years.
Is KE a good diversifier for AAME?
Reasonably. At 0.39, AAME and KE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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/aame-vs-ke.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aame-vs-ke/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AAME correlations · KE correlations
