AGX vs DY: Correlation
How closely do Argan, Inc. (AGX) and Dycom Industries, Inc. (DY) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGX and DY?
Across a 3-year window, the weekly returns of AGX and DY correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.36, with an annualized covariance of 987.1 %².
By 3-year correlation, DY places #4 of the 11 assets tracked against AGX. The last year tells two different stories: AGX led by 83.2 percentage points, +103.7% for AGX against +20.5% for DY.
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.
AGX vs DY: side by side
| AGX (Argan, Inc.) | DY (Dycom Industries, Inc.) | |
|---|---|---|
| 1-year return | +103.7% | +20.5% |
| 5-year return | +1008.1% | +304.3% |
| Volatility (ann.) | 55.9% | 43.4% |
| Beta vs S&P 500 | 0.92 | 0.97 |
| Max drawdown (3Y) | -43.7% | -42.4% |
| Market cap | $6.4B | $9.3B |
| P/E (trailing) | 40.4 | 28.4 |
| Dividend yield | 0.41% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGX | DY |
|---|---|---|
| 2022 | -2.0% | -0.2% |
| 2023 | +30.2% | +23.0% |
| 2024 | +198.3% | +51.2% |
| 2025 | +130.6% | +94.1% |
| 2026 | +47.2% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGX and DY good diversifiers for each other?
Reasonably. At 0.41, AGX and DY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AGX and DY?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.44 over the last year and 0.36 over 5 years.
Is DY a good diversifier for AGX?
Reasonably. At 0.41, AGX and DY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AGX correlations · DY correlations
