ACA vs AVAH: Correlation
Arcosa, Inc. (ACA) and Aveanna Healthcare Holdings Inc. (AVAH) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACA and AVAH?
Across a 3-year window, the weekly returns of ACA and AVAH correlate at 0.47, moderate. The past 12 months show a weaker link (0.12) than the 3-year average (0.47). Stretching to 5 years gives 0.40, with an annualized covariance of 1105.8 %².
Among the 23 assets we track against ACA, AVAH ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AVAH ahead by 29.1 points (+47.0% versus +76.1%). Risk is not evenly split, since AVAH carries 2.3 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.
ACA vs AVAH: side by side
| ACA (Arcosa, Inc.) | AVAH (Aveanna Healthcare Holdings Inc.) | |
|---|---|---|
| 1-year return | +47.0% | +76.1% |
| 5-year return | +186.5% | +46.9% |
| Volatility (ann.) | 31.9% | 73.8% |
| Beta vs S&P 500 | 1.23 | 1.38 |
| Max drawdown (3Y) | -36.6% | -39.4% |
| Market cap | $7.1B | $3.0B |
| P/E (trailing) | 32.5 | 10.8 |
| Dividend yield | 0.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACA | AVAH |
|---|---|---|
| 2022 | +3.5% | -89.5% |
| 2023 | +52.5% | +243.6% |
| 2024 | +17.3% | +70.5% |
| 2025 | +10.2% | +78.8% |
| 2026 | +37.0% | +69.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACA and AVAH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACA and AVAH?
The ACA/AVAH correlation stands at 0.47 on a 3-year window (1 year: 0.12, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is AVAH a good diversifier for ACA?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aca-vs-avah.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aca-vs-avah/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACA correlations · AVAH correlations
