AGL vs AMN: Correlation
How closely do agilon health, inc. (AGL) and AMN Healthcare Services Inc (AMN) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGL and AMN?
On 3 years of weekly data the AGL/AMN correlation comes out at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 3295.3 %².
In AGL's tracked universe of 14 assets, AMN sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months AGL outperformed by 115.4 percentage points (+189.8% for AGL against +74.4% for AMN). Note the risk asymmetry: AGL runs 2.2 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.
AGL vs AMN: side by side
| AGL (agilon health, inc.) | AMN (AMN Healthcare Services Inc) | |
|---|---|---|
| 1-year return | +189.8% | +74.4% |
| 5-year return | -90.0% | -68.4% |
| Volatility (ann.) | 126.1% | 57.2% |
| Beta vs S&P 500 | 1.73 | 0.53 |
| Max drawdown (3Y) | -98.4% | -83.2% |
| Market cap | $1.6B | $1.4B |
| P/E (trailing) | – | 12.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGL | AMN |
|---|---|---|
| 2022 | -40.2% | -15.9% |
| 2023 | -22.2% | -27.2% |
| 2024 | -84.9% | -68.1% |
| 2025 | -63.7% | -34.1% |
| 2026 | +446.8% | +122.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGL and AMN good diversifiers for each other?
Reasonably. At 0.46, AGL and AMN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AGL and AMN?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.54 over the last year and 0.40 over 5 years.
Is AMN a good diversifier for AGL?
Reasonably. At 0.46, AGL and AMN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/agl-vs-amn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agl-vs-amn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGL correlations · AMN correlations
