AM vs JACK: Correlation
Antero Midstream Corporation (AM) and Jack In The Box Inc. (JACK) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AM and JACK?
On 3 years of weekly data the AM/JACK correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. The 5-year figure is -0.02, and annualized covariance runs at -307.8 %².
Among the 15 assets we track against AM, JACK sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months AM outperformed by 46.1 percentage points (+33.1% for AM against -13.0% for JACK). Risk is not evenly split, since JACK carries 2.6 times the volatility of the other side.
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.
AM vs JACK: side by side
| AM (Antero Midstream Corporation) | JACK (Jack In The Box Inc.) | |
|---|---|---|
| 1-year return | +33.1% | -13.0% |
| 5-year return | +230.4% | -83.5% |
| Volatility (ann.) | 22.6% | 58.3% |
| Beta vs S&P 500 | 0.24 | 1.31 |
| Max drawdown (3Y) | -14.0% | -88.4% |
| Market cap | $10.7B | $0.3B |
| P/E (trailing) | 27.1 | – |
| Dividend yield | 3.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AM | JACK |
|---|---|---|
| 2022 | +22.0% | -20.2% |
| 2023 | +25.7% | +22.2% |
| 2024 | +28.5% | -47.3% |
| 2025 | +24.4% | -53.8% |
| 2026 | +30.9% | -16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AM and JACK good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AM and JACK?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.32 over the last year and -0.02 over 5 years.
Is JACK a good diversifier for AM?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/am-vs-jack.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/am-vs-jack/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AM correlations · JACK correlations
