AEON vs AMRC: Correlation
AEON Biopharma, Inc. (AEON) and Ameresco, Inc. (AMRC) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEON and AMRC?
Across a 3-year window, the weekly returns of AEON and AMRC correlate at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.32 over 3 years. Stretching to 5 years gives 0.30, with an annualized covariance of 3416.8 %².
Among the 10 assets we track against AEON, AMRC ranks #5 by 3-year correlation. The last year tells two different stories: AMRC led by 55.2 percentage points, -61.8% for AEON against -6.6% for AMRC. Note the risk asymmetry: AEON runs 1.9 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.
AEON vs AMRC: side by side
| AEON (AEON Biopharma, Inc.) | AMRC (Ameresco, Inc.) | |
|---|---|---|
| 1-year return | -61.8% | -6.6% |
| 5-year return | n/a | -66.7% |
| Volatility (ann.) | 141.3% | 74.9% |
| Beta vs S&P 500 | 1.33 | 1.78 |
| Max drawdown (3Y) | -100.0% | -81.5% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 43.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEON | AMRC |
|---|---|---|
| 2022 | – | -29.8% |
| 2023 | – | -44.6% |
| 2024 | -92.5% | -25.9% |
| 2025 | -97.2% | +24.7% |
| 2026 | -73.3% | -21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEON and AMRC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AEON and AMRC?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.16 over the last year and 0.30 over 5 years.
Is AMRC a good diversifier for AEON?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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/aeon-vs-amrc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aeon-vs-amrc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEON correlations · AMRC correlations
