AEIS vs TTMI: Correlation
Measured on weekly returns over the past three years, Advanced Energy Industries, Inc. (AEIS) and TTM Technologies, Inc. (TTMI) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEIS and TTMI?
On 3 years of weekly data the AEIS/TTMI correlation comes out at 0.67, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 1795.7 %².
Within AEIS's tracked universe of 32 assets, TTMI comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TTMI outperformed by 93.3 percentage points (+87.0% for AEIS against +180.3% for TTMI).
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.
AEIS vs TTMI: side by side
| AEIS (Advanced Energy Industries, Inc.) | TTMI (TTM Technologies, Inc.) | |
|---|---|---|
| 1-year return | +87.0% | +180.3% |
| 5-year return | +222.9% | +785.9% |
| Volatility (ann.) | 43.9% | 60.7% |
| Beta vs S&P 500 | 1.69 | 2.23 |
| Max drawdown (3Y) | -39.9% | -54.0% |
| Market cap | $11.5B | $13.1B |
| P/E (trailing) | 52.4 | 54.9 |
| Dividend yield | 0.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEIS | TTMI |
|---|---|---|
| 2022 | -5.4% | +1.2% |
| 2023 | +27.5% | +4.8% |
| 2024 | +6.6% | +56.5% |
| 2025 | +81.6% | +178.8% |
| 2026 | +37.3% | +80.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEIS and TTMI good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AEIS and TTMI?
The AEIS/TTMI correlation stands at 0.67 on a 3-year window (1 year: 0.66, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is TTMI a good diversifier for AEIS?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aeis-vs-ttmi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aeis-vs-ttmi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEIS correlations · TTMI correlations
