ADI vs HAS: Correlation
Measured on weekly returns over the past three years, Analog Devices (ADI) and Hasbro (HAS) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and HAS?
Over the past 3 years, ADI and HAS moved with a correlation of 0.51, which is moderate. The past 12 months show a weaker link (0.41) than the 3-year average (0.51). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 522.7 %².
By 3-year correlation, HAS places #35 of the 51 assets tracked against ADI. Correlation aside, the last 12 months split them widely, with ADI ahead by 29.4 points (+48.6% versus +19.2%). This link changes with the market regime, having swung between 0.22 and 0.72 on a rolling one-year basis.
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.
ADI vs HAS: side by side
| ADI (Analog Devices) | HAS (Hasbro) | |
|---|---|---|
| 1-year return | +48.6% | +19.2% |
| 5-year return | +143.1% | +17.1% |
| Volatility (ann.) | 32.6% | 31.7% |
| Beta vs S&P 500 | 1.56 | 0.86 |
| Max drawdown (3Y) | -32.2% | -40.3% |
| Market cap | $181.5B | $13.3B |
| P/E (trailing) | 44.6 | 17.1 |
| Dividend yield | 1.15% | 2.91% |
| Sector / category | Information Technology | Consumer Discretionary |
Year-by-year returns
| Year | ADI | HAS |
|---|---|---|
| 2022 | -4.9% | -37.9% |
| 2023 | +23.4% | -11.9% |
| 2024 | +8.8% | +14.8% |
| 2025 | +29.8% | +52.5% |
| 2026 | +38.9% | +17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and HAS good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADI and HAS?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.41 over the last year and 0.43 over 5 years.
Is HAS a good diversifier for ADI?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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/adi-vs-has.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adi-vs-has/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADI correlations · HAS correlations
