AHCO vs ITRI: Correlation
How closely do AdaptHealth Corp. (AHCO) and Itron, Inc. (ITRI) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHCO and ITRI?
On 3 years of weekly data the AHCO/ITRI correlation comes out at 0.37, moderate. The past 12 months show a weaker link (0.10) than the 3-year average (0.37). The 5-year figure is 0.35, and annualized covariance runs at 903.0 %².
Among the 21 assets we track against AHCO, ITRI ranks #4 by 3-year correlation. The last year tells two different stories: ITRI led by 17.1 percentage points, -37.0% for AHCO against -19.9% for ITRI. Note the risk asymmetry: AHCO runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 ITRI: side by side
| AHCO (AdaptHealth Corp.) | ITRI (Itron, Inc.) | |
|---|---|---|
| 1-year return | -37.0% | -19.9% |
| 5-year return | -75.6% | +17.0% |
| Volatility (ann.) | 62.0% | 38.9% |
| Beta vs S&P 500 | 0.40 | 1.14 |
| Max drawdown (3Y) | -61.0% | -43.6% |
| Market cap | $0.8B | $4.3B |
| P/E (trailing) | – | 16.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHCO | ITRI |
|---|---|---|
| 2022 | -21.4% | -26.1% |
| 2023 | -62.1% | +49.1% |
| 2024 | +30.6% | +43.8% |
| 2025 | +4.6% | -14.5% |
| 2026 | -41.8% | +6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHCO and ITRI good diversifiers for each other?
Reasonably. At 0.37, AHCO and ITRI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AHCO and ITRI?
As of 2026-08-27, the correlation of weekly returns between AHCO and ITRI is 0.37 over 3 years, 0.10 over 1 year and 0.35 over 5 years.
Is ITRI a good diversifier for AHCO?
Reasonably. At 0.37, AHCO and ITRI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/ahco-vs-itri.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ahco-vs-itri/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AHCO correlations · ITRI correlations
