AIRJ vs PPC: Correlation
Measured on weekly returns over the past three years, AirJoule Technologies Corporation (AIRJ) and Pilgrim's Pride Corporation (PPC) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRJ and PPC?
Across a 3-year window, the weekly returns of AIRJ and PPC correlate at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.34) sits close to the 3-year figure. Stretching to 5 years gives -0.22, with an annualized covariance of -559.6 %².
Among the 13 assets we track against AIRJ, PPC sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with AIRJ ahead by 29.2 points (-1.6% versus -30.8%). One caveat on sizing: AIRJ is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AIRJ vs PPC: side by side
| AIRJ (AirJoule Technologies Corporation) | PPC (Pilgrim's Pride Corporation) | |
|---|---|---|
| 1-year return | -1.6% | -30.8% |
| 5-year return | -51.6% | +32.4% |
| Volatility (ann.) | 67.0% | 30.3% |
| Beta vs S&P 500 | 0.94 | -0.17 |
| Max drawdown (3Y) | -91.4% | -49.2% |
| Market cap | $0.4B | $7.4B |
| P/E (trailing) | – | 13.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRJ | PPC |
|---|---|---|
| 2022 | – | -15.9% |
| 2023 | +6.7% | +16.6% |
| 2024 | -25.8% | +64.1% |
| 2025 | -50.5% | +1.4% |
| 2026 | +21.6% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRJ and PPC good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AIRJ and PPC?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.34 over the last year and -0.22 over 5 years.
Is PPC a good diversifier for AIRJ?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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/airj-vs-ppc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/airj-vs-ppc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIRJ correlations · PPC correlations
