ABG vs ENOV: Correlation
Asbury Automotive Group Inc (ABG) and Enovis Corporation (ENOV) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABG and ENOV?
On 3 years of weekly data the ABG/ENOV correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.52 over 3. The 5-year figure is 0.45, and annualized covariance runs at 710.6 %².
By 3-year correlation, ENOV places #7 of the 12 assets tracked against ABG. Neither side won the trailing year by much: -17.9% against -20.0%.
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 ENOV: side by side
| ABG (Asbury Automotive Group Inc) | ENOV (Enovis Corporation) | |
|---|---|---|
| 1-year return | -17.9% | -20.0% |
| 5-year return | +13.5% | -70.1% |
| Volatility (ann.) | 33.4% | 41.2% |
| Beta vs S&P 500 | 1.02 | 1.30 |
| Max drawdown (3Y) | -42.4% | -68.6% |
| Market cap | $3.8B | $1.4B |
| P/E (trailing) | 7.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABG | ENOV |
|---|---|---|
| 2022 | +3.8% | -32.4% |
| 2023 | +25.5% | +4.7% |
| 2024 | +8.0% | -21.7% |
| 2025 | -4.3% | -39.3% |
| 2026 | -9.4% | -6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABG and ENOV good diversifiers for each other?
To a limited degree. At 0.52 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 ENOV?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.47 over the last year and 0.45 over 5 years.
Is ENOV a good diversifier for ABG?
To a limited degree. At 0.52 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 0.52 mean?
On the −1 to +1 scale, 0.52 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/abg-vs-enov.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abg-vs-enov/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABG correlations · ENOV correlations
