ABG vs AIN: Correlation
How closely do Asbury Automotive Group Inc (ABG) and Albany International Corporation (AIN) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABG and AIN?
Over the past 3 years, ABG and AIN moved with a correlation of 0.60, which is strong. Recent behaviour matches the longer record: 0.57 over 1 year against 0.60 over 3. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 727.6 %².
Among the 12 assets we track against ABG, AIN ranks #6 by 3-year correlation. The trailing year gives AIN the advantage: -17.9% versus -5.6%, a 12.3-point spread.
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.
ABG vs AIN: side by side
| ABG (Asbury Automotive Group Inc) | AIN (Albany International Corporation) | |
|---|---|---|
| 1-year return | -17.9% | -5.6% |
| 5-year return | +13.5% | -19.2% |
| Volatility (ann.) | 33.4% | 36.2% |
| Beta vs S&P 500 | 1.02 | 1.13 |
| Max drawdown (3Y) | -42.4% | -57.1% |
| Market cap | $3.8B | $1.7B |
| P/E (trailing) | 7.8 | – |
| Dividend yield | 0.00% | 1.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABG | AIN |
|---|---|---|
| 2022 | +3.8% | +12.6% |
| 2023 | +25.5% | +0.7% |
| 2024 | +8.0% | -17.6% |
| 2025 | -4.3% | -35.5% |
| 2026 | -9.4% | +17.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABG and AIN good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ABG and AIN?
The ABG/AIN correlation stands at 0.60 on a 3-year window (1 year: 0.57, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is AIN a good diversifier for ABG?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 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/abg-vs-ain.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abg-vs-ain/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABG correlations · AIN correlations
