ABCB vs STGW: Correlation
Measured on weekly returns over the past three years, Ameris Bancorp (ABCB) and Stagwell Inc. (STGW) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and STGW?
Across a 3-year window, the weekly returns of ABCB and STGW correlate at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.47 over 3 years. Stretching to 5 years gives 0.46, with an annualized covariance of 688.1 %².
Within ABCB's tracked universe of 49 assets, STGW comes in at #42 by 3-year correlation. The last year tells two different stories: STGW led by 42.2 percentage points, +16.9% for ABCB against +59.1% for STGW. One caveat on sizing: STGW is 1.7 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 STGW: side by side
| ABCB (Ameris Bancorp) | STGW (Stagwell Inc.) | |
|---|---|---|
| 1-year return | +16.9% | +59.1% |
| 5-year return | +86.9% | +30.4% |
| Volatility (ann.) | 29.7% | 49.1% |
| Beta vs S&P 500 | 1.06 | 1.28 |
| Max drawdown (3Y) | -29.5% | -48.6% |
| Market cap | $5.7B | $2.2B |
| P/E (trailing) | 15.5 | 148.0 |
| Dividend yield | 0.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | STGW |
|---|---|---|
| 2022 | -3.8% | -28.4% |
| 2023 | +14.3% | +6.8% |
| 2024 | +19.4% | -0.8% |
| 2025 | +20.1% | -25.7% |
| 2026 | +15.5% | +81.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and STGW good diversifiers for each other?
Reasonably. At 0.47, ABCB and STGW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABCB and STGW?
The ABCB/STGW correlation stands at 0.47 on a 3-year window (1 year: 0.13, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is STGW a good diversifier for ABCB?
Reasonably. At 0.47, ABCB and STGW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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-stgw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abcb-vs-stgw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABCB correlations · STGW correlations
