ABCB vs IRMD: Correlation
Ameris Bancorp (ABCB) and iRadimed Corporation (IRMD) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and IRMD?
Across a 3-year window, the weekly returns of ABCB and IRMD correlate at 0.44, moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.44). Stretching to 5 years gives 0.29, with an annualized covariance of 406.5 %².
IRMD is close to the least connected end of ABCB's tracked universe, ranking #45 of 49. Their 12-month results are close: +16.9% for ABCB against +19.4% for IRMD.
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.
ABCB vs IRMD: side by side
| ABCB (Ameris Bancorp) | IRMD (iRadimed Corporation) | |
|---|---|---|
| 1-year return | +16.9% | +19.4% |
| 5-year return | +86.9% | +185.4% |
| Volatility (ann.) | 29.7% | 30.9% |
| Beta vs S&P 500 | 1.06 | 0.61 |
| Max drawdown (3Y) | -29.5% | -24.9% |
| Market cap | $5.7B | $1.1B |
| P/E (trailing) | 15.5 | 48.9 |
| Dividend yield | 0.93% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | IRMD |
|---|---|---|
| 2022 | -3.8% | -37.5% |
| 2023 | +14.3% | +75.4% |
| 2024 | +19.4% | +17.0% |
| 2025 | +20.1% | +79.7% |
| 2026 | +15.5% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and IRMD good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABCB and IRMD?
As of 2026-08-27, the correlation of weekly returns between ABCB and IRMD is 0.44 over 3 years, 0.18 over 1 year and 0.29 over 5 years.
Is IRMD a good diversifier for ABCB?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/abcb-vs-irmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abcb-vs-irmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABCB correlations · IRMD correlations
