ACH vs BALL: Correlation
Measured on weekly returns over the past three years, Accendra Health, Inc. (ACH) and Ball Corporation (BALL) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACH and BALL?
On 3 years of weekly data the ACH/BALL correlation comes out at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 984.4 %².
Among the 16 assets we track against ACH, BALL ranks #4 by 3-year correlation. The last year tells two different stories: BALL led by 98.2 percentage points, -75.3% for ACH against +22.9% for BALL. Risk is not evenly split, since ACH carries 3.3 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.
ACH vs BALL: side by side
| ACH (Accendra Health, Inc.) | BALL (Ball Corporation) | |
|---|---|---|
| 1-year return | -75.3% | +22.9% |
| 5-year return | -96.8% | -29.3% |
| Volatility (ann.) | 89.1% | 26.9% |
| Beta vs S&P 500 | 1.37 | 0.43 |
| Max drawdown (3Y) | -96.6% | -35.6% |
| Market cap | $0.1B | $16.8B |
| P/E (trailing) | – | 18.4 |
| Dividend yield | 0.00% | 1.25% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ACH | BALL |
|---|---|---|
| 2022 | -55.1% | -46.2% |
| 2023 | -1.3% | +14.1% |
| 2024 | -32.2% | -3.0% |
| 2025 | -78.6% | -2.4% |
| 2026 | -56.8% | +20.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACH and BALL good diversifiers for each other?
Reasonably. At 0.41, ACH and BALL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACH and BALL?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.38 over the last year and 0.38 over 5 years.
Is BALL a good diversifier for ACH?
Reasonably. At 0.41, ACH and BALL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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/ach-vs-ball.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ach-vs-ball/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACH correlations · BALL correlations
