AHCO vs BALL: Correlation
Measured on weekly returns over the past three years, AdaptHealth Corp. (AHCO) and Ball Corporation (BALL) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHCO and BALL?
Over the past 3 years, AHCO and BALL moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 694.5 %².
Few assets follow AHCO as closely as BALL, which ranks #2 of 21 tracked partners. Correlation aside, the last 12 months split them widely, with BALL ahead by 59.9 points (-37.0% versus +22.9%). Risk is not evenly split, since AHCO carries 2.3 times the volatility of the other side.
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.
AHCO vs BALL: side by side
| AHCO (AdaptHealth Corp.) | BALL (Ball Corporation) | |
|---|---|---|
| 1-year return | -37.0% | +22.9% |
| 5-year return | -75.6% | -29.3% |
| Volatility (ann.) | 62.0% | 26.9% |
| Beta vs S&P 500 | 0.40 | 0.43 |
| Max drawdown (3Y) | -61.0% | -35.6% |
| Market cap | $0.8B | $16.8B |
| P/E (trailing) | – | 18.4 |
| Dividend yield | 0.00% | 1.25% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | AHCO | BALL |
|---|---|---|
| 2022 | -21.4% | -46.2% |
| 2023 | -62.1% | +14.1% |
| 2024 | +30.6% | -3.0% |
| 2025 | +4.6% | -2.4% |
| 2026 | -41.8% | +20.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHCO and BALL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AHCO and BALL?
As of 2026-08-27, the correlation of weekly returns between AHCO and BALL is 0.42 over 3 years, 0.37 over 1 year and 0.29 over 5 years.
Is BALL a good diversifier for AHCO?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/ahco-vs-ball.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ahco-vs-ball/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AHCO correlations · BALL correlations
