ALB vs UTSI: Correlation
Albemarle Corporation (ALB) and UTStarcom Holdings Corp (UTSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and UTSI?
On 3 years of weekly data the ALB/UTSI correlation comes out at 0.35, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.35 over 3. The 5-year figure is 0.27, and annualized covariance runs at 910.3 %².
Within ALB's tracked universe of 36 assets, UTSI comes in at #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALB ahead by 64.8 points (+56.9% versus -7.9%).
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 UTSI: side by side
| ALB (Albemarle Corporation) | UTSI (UTStarcom Holdings Corp) | |
|---|---|---|
| 1-year return | +56.9% | -7.9% |
| 5-year return | -39.2% | -54.7% |
| Volatility (ann.) | 54.3% | 48.3% |
| Beta vs S&P 500 | 1.62 | 0.72 |
| Max drawdown (3Y) | -74.1% | -48.1% |
| Market cap | $16.0B | – |
| P/E (trailing) | 502.9 | – |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | UTSI |
|---|---|---|
| 2022 | -6.6% | +2.0% |
| 2023 | -32.8% | -3.1% |
| 2024 | -39.5% | -15.7% |
| 2025 | +67.7% | -12.4% |
| 2026 | -3.5% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and UTSI good diversifiers for each other?
Reasonably. At 0.35, ALB and UTSI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALB and UTSI?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.37 over the last year and 0.27 over 5 years.
Is UTSI a good diversifier for ALB?
Reasonably. At 0.35, ALB and UTSI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/alb-vs-utsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alb-vs-utsi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALB correlations · UTSI correlations
