ALB vs ATLX: Correlation
Measured on weekly returns over the past three years, Albemarle Corporation (ALB) and Atlas Lithium Corporation (ATLX) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and ATLX?
Over the past 3 years, ALB and ATLX moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 2193.2 %².
By 3-year correlation, ATLX places #8 of the 36 assets tracked against ALB. Their recent paths diverged sharply: over the last 12 months ALB outperformed by 94.3 percentage points (+56.9% for ALB against -37.4% for ATLX).
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.
ALB vs ATLX: side by side
| ALB (Albemarle Corporation) | ATLX (Atlas Lithium Corporation) | |
|---|---|---|
| 1-year return | +56.9% | -37.4% |
| 5-year return | -39.2% | -55.9% |
| Volatility (ann.) | 54.3% | 79.3% |
| Beta vs S&P 500 | 1.62 | 1.64 |
| Max drawdown (3Y) | -74.1% | -92.3% |
| Market cap | $16.0B | $0.1B |
| P/E (trailing) | 502.9 | – |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | ATLX |
|---|---|---|
| 2022 | -6.6% | +16.7% |
| 2023 | -32.8% | +346.9% |
| 2024 | -39.5% | -79.8% |
| 2025 | +67.7% | -33.2% |
| 2026 | -3.5% | -21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and ATLX good diversifiers for each other?
Only partially. A correlation of 0.51 means ALB and ATLX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ALB and ATLX?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.54 over the last year and 0.27 over 5 years.
Is ATLX a good diversifier for ALB?
Only partially. A correlation of 0.51 means ALB and ATLX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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.
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Related comparisons
Hubs: ALB correlations · ATLX correlations
