AGX vs GEV: Correlation
How closely do Argan, Inc. (AGX) and GE Vernova (GEV) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGX and GEV?
Over the past 3 years, AGX and GEV moved with a correlation of 0.45, which is moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1264.0 %².
In AGX's tracked universe of 11 assets, GEV sits right near the top at #2. Correlation aside, the last 12 months split them widely, with AGX ahead by 50.1 points (+103.7% versus +53.6%).
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 GEV: side by side
| AGX (Argan, Inc.) | GEV (GE Vernova) | |
|---|---|---|
| 1-year return | +103.7% | +53.6% |
| 5-year return | +1008.1% | n/a |
| Volatility (ann.) | 55.9% | 45.8% |
| Beta vs S&P 500 | 0.92 | 1.42 |
| Max drawdown (3Y) | -43.7% | -38.3% |
| Market cap | $6.4B | $254.0B |
| P/E (trailing) | 40.4 | 27.3 |
| Dividend yield | 0.41% | 0.18% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | AGX | GEV |
|---|---|---|
| 2022 | -2.0% | – |
| 2023 | +30.2% | – |
| 2024 | +198.3% | – |
| 2025 | +130.6% | +99.0% |
| 2026 | +47.2% | +46.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGX and GEV good diversifiers for each other?
Reasonably. At 0.45, AGX and GEV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AGX and GEV?
The AGX/GEV correlation stands at 0.45 on a 3-year window (1 year: 0.37, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GEV a good diversifier for AGX?
Reasonably. At 0.45, AGX and GEV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agx-vs-gev.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agx-vs-gev/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGX correlations · GEV correlations
