ABCB vs PTON: Correlation
Ameris Bancorp (ABCB) and Peloton Interactive, Inc. (PTON) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and PTON?
Over the past 3 years, ABCB and PTON moved with a correlation of 0.46, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.46 over 3 years. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 1019.3 %².
By 3-year correlation, PTON places #43 of the 49 assets tracked against ABCB. The last year tells two different stories: ABCB led by 47.9 percentage points, +16.9% for ABCB against -31.0% for PTON. One caveat on sizing: PTON is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PTON: side by side
| ABCB (Ameris Bancorp) | PTON (Peloton Interactive, Inc.) | |
|---|---|---|
| 1-year return | +16.9% | -31.0% |
| 5-year return | +86.9% | -94.8% |
| Volatility (ann.) | 29.7% | 74.3% |
| Beta vs S&P 500 | 1.06 | 2.10 |
| Max drawdown (3Y) | -29.5% | -64.9% |
| Market cap | $5.7B | $2.3B |
| P/E (trailing) | 15.5 | 37.9 |
| Dividend yield | 0.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | PTON |
|---|---|---|
| 2022 | -3.8% | -77.8% |
| 2023 | +14.3% | -23.3% |
| 2024 | +19.4% | +42.9% |
| 2025 | +20.1% | -29.2% |
| 2026 | +15.5% | -14.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and PTON good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABCB and PTON?
The ABCB/PTON correlation stands at 0.46 on a 3-year window (1 year: 0.28, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is PTON a good diversifier for ABCB?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abcb-vs-pton.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abcb-vs-pton/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABCB correlations · PTON correlations
