ALB vs IHT: Correlation
How closely do Albemarle Corporation (ALB) and InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and IHT?
Over the past 3 years, ALB and IHT moved with a correlation of -0.14, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.12) sits close to the 3-year figure. Over 5 years the correlation is 0.02, and the annualized covariance of weekly returns is -421.6 %².
Within ALB's tracked universe of 36 assets, IHT comes in at #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALB ahead by 90.7 points (+56.9% versus -33.8%).
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 IHT: side by side
| ALB (Albemarle Corporation) | IHT (InnSuites Hospitality Trust Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +56.9% | -33.8% |
| 5-year return | -39.2% | -63.6% |
| Volatility (ann.) | 54.3% | 55.0% |
| Beta vs S&P 500 | 1.62 | 0.07 |
| Max drawdown (3Y) | -74.1% | -69.6% |
| Market cap | $16.0B | – |
| P/E (trailing) | 502.9 | – |
| Dividend yield | 1.20% | 1.44% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | IHT |
|---|---|---|
| 2022 | -6.6% | -22.9% |
| 2023 | -32.8% | +2.3% |
| 2024 | -39.5% | +29.5% |
| 2025 | +67.7% | -37.4% |
| 2026 | -3.5% | -3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and IHT good diversifiers for each other?
Yes. With a correlation of -0.14, ALB and IHT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALB and IHT?
Using weekly returns as of 2026-08-27: -0.14 over 3 years, with -0.12 over the last year and 0.02 over 5 years.
Is IHT a good diversifier for ALB?
Yes. With a correlation of -0.14, ALB and IHT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.14 mean?
On the −1 to +1 scale, -0.14 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/alb-vs-iht.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alb-vs-iht/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALB correlations · IHT correlations
