AIT vs HUM: Correlation
Applied Industrial Technologies, Inc. (AIT) and Humana (HUM) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIT and HUM?
On 3 years of weekly data the AIT/HUM correlation comes out at 0.34, moderate. The link has tightened recently: the 1-year correlation (0.46) runs above the 3-year figure (0.34). The 5-year figure is 0.24, and annualized covariance runs at 379.6 %².
Among the 26 assets we track against AIT, HUM sits near the bottom by co-movement, at rank #23. Over the last 12 months HUM came out ahead by 7.1 percentage points (+26.9% against +34.0%). Note the risk asymmetry: HUM runs 1.7 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.
AIT vs HUM: side by side
| AIT (Applied Industrial Technologies, Inc.) | HUM (Humana) | |
|---|---|---|
| 1-year return | +26.9% | +34.0% |
| 5-year return | +291.4% | +1.8% |
| Volatility (ann.) | 26.0% | 43.3% |
| Beta vs S&P 500 | 1.03 | 0.52 |
| Max drawdown (3Y) | -26.4% | -67.9% |
| Market cap | $12.4B | $47.1B |
| P/E (trailing) | 31.2 | 36.9 |
| Dividend yield | 0.57% | 0.91% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | AIT | HUM |
|---|---|---|
| 2022 | +24.2% | +11.2% |
| 2023 | +38.4% | -9.9% |
| 2024 | +39.7% | -44.0% |
| 2025 | +8.0% | +2.4% |
| 2026 | +32.4% | +54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIT and HUM good diversifiers for each other?
Reasonably. At 0.34, AIT and HUM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AIT and HUM?
The AIT/HUM correlation stands at 0.34 on a 3-year window (1 year: 0.46, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is HUM a good diversifier for AIT?
Reasonably. At 0.34, AIT and HUM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/ait-vs-hum.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ait-vs-hum/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIT correlations · HUM correlations
