AIN vs OPLN: Correlation
Albany International Corporation (AIN) and OPENLANE, Inc. (OPLN) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIN and OPLN?
Over the past 3 years, AIN and OPLN moved with a correlation of 0.56, which is moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 675.0 %².
By 3-year correlation, OPLN places #7 of the 20 assets tracked against AIN. Their recent paths diverged sharply: over the last 12 months OPLN outperformed by 27.6 percentage points (-5.6% for AIN against +22.0% for OPLN).
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.
AIN vs OPLN: side by side
| AIN (Albany International Corporation) | OPLN (OPENLANE, Inc.) | |
|---|---|---|
| 1-year return | -5.6% | +22.0% |
| 5-year return | -19.2% | +111.4% |
| Volatility (ann.) | 36.2% | 33.5% |
| Beta vs S&P 500 | 1.13 | 1.02 |
| Max drawdown (3Y) | -57.1% | -22.1% |
| Market cap | $1.7B | $4.3B |
| P/E (trailing) | – | – |
| Dividend yield | 1.88% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIN | OPLN |
|---|---|---|
| 2022 | +12.6% | -16.5% |
| 2023 | +0.7% | +13.5% |
| 2024 | -17.6% | +34.0% |
| 2025 | -35.5% | +50.1% |
| 2026 | +17.9% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIN and OPLN good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AIN and OPLN?
As of 2026-08-27, the correlation of weekly returns between AIN and OPLN is 0.56 over 3 years, 0.51 over 1 year and 0.42 over 5 years.
Is OPLN a good diversifier for AIN?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
A reading of 0.56 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/ain-vs-opln.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ain-vs-opln/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIN correlations · OPLN correlations
