ABVC vs AMBP: Correlation
How closely do ABVC BioPharma, Inc. (ABVC) and Ardagh Metal Packaging S.A. (AMBP) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABVC and AMBP?
Over the past 3 years, ABVC and AMBP moved with a correlation of 0.32, which is moderate. The past 12 months show a weaker link (0.06) than the 3-year average (0.32). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 1478.7 %².
Few assets follow ABVC as closely as AMBP, which ranks #2 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with AMBP ahead by 120.3 points (-73.3% versus +47.0%). Risk is not evenly split, since ABVC carries 2.5 times the volatility of the other side.
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.
ABVC vs AMBP: side by side
| ABVC (ABVC BioPharma, Inc.) | AMBP (Ardagh Metal Packaging S.A.) | |
|---|---|---|
| 1-year return | -73.3% | +47.0% |
| 5-year return | -97.5% | -26.6% |
| Volatility (ann.) | 106.7% | 43.0% |
| Beta vs S&P 500 | 1.35 | 0.71 |
| Max drawdown (3Y) | -85.0% | -39.2% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | 103.4 |
| Dividend yield | 0.00% | 7.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABVC | AMBP |
|---|---|---|
| 2022 | -81.6% | -42.5% |
| 2023 | -81.4% | -11.5% |
| 2024 | -49.1% | -12.4% |
| 2025 | +261.0% | +49.2% |
| 2026 | -62.6% | +32.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABVC and AMBP good diversifiers for each other?
Reasonably. At 0.32, ABVC and AMBP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABVC and AMBP?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.06 over the last year and 0.23 over 5 years.
Is AMBP a good diversifier for ABVC?
Reasonably. At 0.32, ABVC and AMBP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 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/abvc-vs-ambp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abvc-vs-ambp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABVC correlations · AMBP correlations
