ACNT vs SSM: Correlation
Measured on weekly returns over the past three years, Ascent Industries Co. (ACNT) and Sono Group N.V. (SSM) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACNT and SSM?
Over the past 3 years, ACNT and SSM moved with a correlation of 0.35, which is moderate. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.35). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 13000.3 %².
In ACNT's tracked universe of 16 assets, SSM sits right near the top at #1. Correlation aside, the last 12 months split them widely, with ACNT ahead by 81.5 points (+31.0% versus -50.5%). Note the risk asymmetry: SSM runs 38.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ACNT vs SSM: side by side
| ACNT (Ascent Industries Co.) | SSM (Sono Group N.V.) | |
|---|---|---|
| 1-year return | +31.0% | -50.5% |
| 5-year return | +37.0% | -99.9% |
| Volatility (ann.) | 31.2% | 1204.8% |
| Beta vs S&P 500 | 0.09 | 0.56 |
| Max drawdown (3Y) | -31.8% | -99.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACNT | SSM |
|---|---|---|
| 2022 | -47.2% | -89.8% |
| 2023 | +10.3% | -93.9% |
| 2024 | +16.9% | -16.7% |
| 2025 | +44.8% | +86.7% |
| 2026 | -2.4% | -61.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACNT and SSM good diversifiers for each other?
Reasonably. At 0.35, ACNT and SSM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACNT and SSM?
As of 2026-08-27, the correlation of weekly returns between ACNT and SSM is 0.35 over 3 years, 0.02 over 1 year and 0.23 over 5 years.
Is SSM a good diversifier for ACNT?
Reasonably. At 0.35, ACNT and SSM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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/acnt-vs-ssm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acnt-vs-ssm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACNT correlations · SSM correlations
