AGX vs STRL: Correlation
Measured on weekly returns over the past three years, Argan, Inc. (AGX) and Sterling Infrastructure, Inc. (STRL) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGX and STRL?
Over the past 3 years, AGX and STRL moved with a correlation of 0.41, which is moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.41). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 1539.4 %².
By 3-year correlation, STRL places #5 of the 11 assets tracked against AGX. Correlation aside, the last 12 months split them widely, with AGX ahead by 28.7 points (+103.7% versus +75.0%).
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.
AGX vs STRL: side by side
| AGX (Argan, Inc.) | STRL (Sterling Infrastructure, Inc.) | |
|---|---|---|
| 1-year return | +103.7% | +75.0% |
| 5-year return | +1008.1% | +2095.9% |
| Volatility (ann.) | 55.9% | 66.9% |
| Beta vs S&P 500 | 0.92 | 2.13 |
| Max drawdown (3Y) | -43.7% | -51.1% |
| Market cap | $6.4B | $15.5B |
| P/E (trailing) | 40.4 | 36.5 |
| Dividend yield | 0.41% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGX | STRL |
|---|---|---|
| 2022 | -2.0% | +24.7% |
| 2023 | +30.2% | +168.1% |
| 2024 | +198.3% | +91.6% |
| 2025 | +130.6% | +81.8% |
| 2026 | +47.2% | +65.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGX and STRL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGX and STRL?
As of 2026-08-27, the correlation of weekly returns between AGX and STRL is 0.41 over 3 years, 0.30 over 1 year and 0.39 over 5 years.
Is STRL a good diversifier for AGX?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: AGX correlations · STRL correlations
