AMBP vs ASB: Correlation
How closely do Ardagh Metal Packaging S.A. (AMBP) and Associated Banc-Corp (ASB) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMBP and ASB?
Over the past 3 years, AMBP and ASB moved with a correlation of 0.46, which is moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 568.4 %².
ASB is one of the assets that tracks AMBP most closely: it ranks #3 out of the 12 assets we track against AMBP. Their recent paths diverged sharply: over the last 12 months AMBP outperformed by 28.5 percentage points (+47.0% for AMBP against +18.5% for ASB).
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.
AMBP vs ASB: side by side
| AMBP (Ardagh Metal Packaging S.A.) | ASB (Associated Banc-Corp) | |
|---|---|---|
| 1-year return | +47.0% | +18.5% |
| 5-year return | -26.6% | +82.7% |
| Volatility (ann.) | 43.0% | 29.0% |
| Beta vs S&P 500 | 0.71 | 1.03 |
| Max drawdown (3Y) | -39.2% | -31.6% |
| Market cap | $3.1B | $5.8B |
| P/E (trailing) | 103.4 | 10.8 |
| Dividend yield | 7.65% | 3.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMBP | ASB |
|---|---|---|
| 2022 | -42.5% | +6.0% |
| 2023 | -11.5% | -2.9% |
| 2024 | -12.4% | +16.2% |
| 2025 | +49.2% | +11.8% |
| 2026 | +32.3% | +21.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMBP and ASB good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMBP and ASB?
The AMBP/ASB correlation stands at 0.46 on a 3-year window (1 year: 0.41, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is ASB a good diversifier for AMBP?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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/ambp-vs-asb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ambp-vs-asb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMBP correlations · ASB correlations
