AGI vs SSRM: Correlation
Measured on weekly returns over the past three years, Alamos Gold Inc. Class A (AGI) and SSR Mining Inc. (SSRM) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGI and SSRM?
Over the past 3 years, AGI and SSRM moved with a correlation of 0.68, which is strong. The past 12 months show a tighter link (0.86) than the 3-year average (0.68). Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 2038.6 %².
By 3-year correlation, SSRM places #20 of the 26 assets tracked against AGI. Their recent paths diverged sharply: over the last 12 months SSRM outperformed by 84.1 percentage points (+27.7% for AGI against +111.8% for SSRM).
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.
AGI vs SSRM: side by side
| AGI (Alamos Gold Inc. Class A) | SSRM (SSR Mining Inc.) | |
|---|---|---|
| 1-year return | +27.7% | +111.8% |
| 5-year return | +404.0% | +149.2% |
| Volatility (ann.) | 46.1% | 64.6% |
| Beta vs S&P 500 | 0.76 | 0.98 |
| Max drawdown (3Y) | -49.6% | -73.4% |
| Market cap | $15.9B | $8.0B |
| P/E (trailing) | 13.5 | 14.7 |
| Dividend yield | 0.35% | 0.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGI | SSRM |
|---|---|---|
| 2022 | +33.1% | -10.0% |
| 2023 | +34.3% | -29.9% |
| 2024 | +37.7% | -35.3% |
| 2025 | +109.6% | +214.9% |
| 2026 | -1.6% | +78.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and SSRM good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AGI and SSRM?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.86 over the last year and 0.70 over 5 years.
Is SSRM a good diversifier for AGI?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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.
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Related comparisons
Hubs: AGI correlations · SSRM correlations
