ABG vs AN: Correlation
How closely do Asbury Automotive Group Inc (ABG) and AutoNation, Inc. (AN) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABG and AN?
On 3 years of weekly data the ABG/AN correlation comes out at 0.72, strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 685.4 %².
Few assets follow ABG as closely as AN, which ranks #2 of 12 tracked partners. The trailing year gives AN the advantage: -17.9% versus -10.5%, a 7.4-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 AN: side by side
| ABG (Asbury Automotive Group Inc) | AN (AutoNation, Inc.) | |
|---|---|---|
| 1-year return | -17.9% | -10.5% |
| 5-year return | +13.5% | +79.8% |
| Volatility (ann.) | 33.4% | 28.5% |
| Beta vs S&P 500 | 1.02 | 0.84 |
| Max drawdown (3Y) | -42.4% | -21.4% |
| Market cap | $3.8B | $6.6B |
| P/E (trailing) | 7.8 | 9.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABG | AN |
|---|---|---|
| 2022 | +3.8% | -8.2% |
| 2023 | +25.5% | +40.0% |
| 2024 | +8.0% | +13.1% |
| 2025 | -4.3% | +21.6% |
| 2026 | -9.4% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABG and AN good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ABG and AN?
The ABG/AN correlation stands at 0.72 on a 3-year window (1 year: 0.63, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is AN a good diversifier for ABG?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 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-an.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abg-vs-an/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABG correlations · AN correlations
