ALLY vs HAPN: Correlation
How closely do Ally Financial Inc. (ALLY) and Happen, Inc. (HAPN) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLY and HAPN?
Across a 3-year window, the weekly returns of ALLY and HAPN correlate at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 1057.3 %².
Among the 14 assets we track against ALLY, HAPN ranks #8 by 3-year correlation. Their 12-month results are close: +7.1% for ALLY against +9.7% for HAPN.
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.
ALLY vs HAPN: side by side
| ALLY (Ally Financial Inc.) | HAPN (Happen, Inc.) | |
|---|---|---|
| 1-year return | +7.1% | +9.7% |
| 5-year return | -2.7% | -35.2% |
| Volatility (ann.) | 34.5% | 51.5% |
| Beta vs S&P 500 | 1.22 | 1.56 |
| Max drawdown (3Y) | -31.6% | -52.2% |
| Market cap | $13.0B | $2.1B |
| P/E (trailing) | 10.0 | 11.0 |
| Dividend yield | 2.82% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLY | HAPN |
|---|---|---|
| 2022 | -46.9% | -63.6% |
| 2023 | +49.2% | -0.7% |
| 2024 | +6.4% | +85.2% |
| 2025 | +29.9% | +17.0% |
| 2026 | -3.6% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLY and HAPN good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALLY and HAPN?
As of 2026-08-27, the correlation of weekly returns between ALLY and HAPN is 0.59 over 3 years, 0.56 over 1 year and 0.57 over 5 years.
Is HAPN a good diversifier for ALLY?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ally-vs-hapn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ally-vs-hapn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALLY correlations · HAPN correlations
