AGCO vs TITN: Correlation
How closely do AGCO Corporation (AGCO) and Titan Machinery Inc. (TITN) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGCO and TITN?
Over the past 3 years, AGCO and TITN moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 875.1 %².
Among the 15 assets we track against AGCO, TITN ranks #6 by 3-year correlation. Over the last 12 months AGCO came out ahead by 10.7 percentage points (-1.6% against -12.3%). One caveat on sizing: TITN is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AGCO vs TITN: side by side
| AGCO (AGCO Corporation) | TITN (Titan Machinery Inc.) | |
|---|---|---|
| 1-year return | -1.6% | -12.3% |
| 5-year return | -7.9% | -35.8% |
| Volatility (ann.) | 32.5% | 48.9% |
| Beta vs S&P 500 | 0.80 | 1.27 |
| Max drawdown (3Y) | -40.5% | -58.5% |
| Market cap | $7.8B | $0.4B |
| P/E (trailing) | 15.4 | – |
| Dividend yield | 1.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGCO | TITN |
|---|---|---|
| 2022 | +25.0% | +17.9% |
| 2023 | -7.9% | -27.3% |
| 2024 | -20.3% | -51.1% |
| 2025 | +12.9% | +6.4% |
| 2026 | +7.1% | +22.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGCO and TITN good diversifiers for each other?
Only partially. A correlation of 0.55 means AGCO and TITN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AGCO and TITN?
As of 2026-08-27, the correlation of weekly returns between AGCO and TITN is 0.55 over 3 years, 0.58 over 1 year and 0.52 over 5 years.
Is TITN a good diversifier for AGCO?
Only partially. A correlation of 0.55 means AGCO and TITN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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/agco-vs-titn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agco-vs-titn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGCO correlations · TITN correlations
