AGRO vs EMR: Correlation
How closely do Adecoagro S.A. (AGRO) and Emerson Electric (EMR) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and EMR?
Over the past 3 years, AGRO and EMR moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.31 versus -0.15 over 3 years. Over 5 years the correlation is 0.01, and the annualized covariance of weekly returns is -179.9 %².
By 3-year correlation, EMR places #9 of the 36 assets tracked against AGRO. Over the last 12 months AGRO came out ahead by 8.1 percentage points (+28.1% against +20.0%).
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.
AGRO vs EMR: side by side
| AGRO (Adecoagro S.A.) | EMR (Emerson Electric) | |
|---|---|---|
| 1-year return | +28.1% | +20.0% |
| 5-year return | +29.1% | +65.4% |
| Volatility (ann.) | 41.7% | 28.3% |
| Beta vs S&P 500 | -0.27 | 1.29 |
| Max drawdown (3Y) | -41.3% | -29.6% |
| Market cap | $1.5B | $88.0B |
| P/E (trailing) | 28.9 | 34.5 |
| Dividend yield | 0.00% | 1.39% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | AGRO | EMR |
|---|---|---|
| 2022 | +11.5% | +5.7% |
| 2023 | +38.6% | +3.8% |
| 2024 | -12.4% | +29.7% |
| 2025 | -14.3% | +8.9% |
| 2026 | +36.0% | +20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and EMR good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGRO and EMR?
As of 2026-08-27, the correlation of weekly returns between AGRO and EMR is -0.15 over 3 years, -0.31 over 1 year and 0.01 over 5 years.
Is EMR a good diversifier for AGRO?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 mean?
A reading of -0.15 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/agro-vs-emr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/agro-vs-emr/)
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Related comparisons
Hubs: AGRO correlations · EMR correlations
