AMBP vs CCK: Correlation
Measured on weekly returns over the past three years, Ardagh Metal Packaging S.A. (AMBP) and Crown Holdings, Inc. (CCK) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMBP and CCK?
Across a 3-year window, the weekly returns of AMBP and CCK correlate at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.60 versus 0.46 over 3 years. Stretching to 5 years gives 0.56, with an annualized covariance of 493.1 %².
By 3-year correlation, CCK places #4 of the 12 assets tracked against AMBP. The last year tells two different stories: AMBP led by 28.0 percentage points, +47.0% for AMBP against +19.0% for CCK. Note the risk asymmetry: AMBP runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 CCK: side by side
| AMBP (Ardagh Metal Packaging S.A.) | CCK (Crown Holdings, Inc.) | |
|---|---|---|
| 1-year return | +47.0% | +19.0% |
| 5-year return | -26.6% | +12.7% |
| Volatility (ann.) | 43.0% | 24.9% |
| Beta vs S&P 500 | 0.71 | 0.48 |
| Max drawdown (3Y) | -39.2% | -23.1% |
| Market cap | $3.1B | $12.8B |
| P/E (trailing) | 103.4 | 17.1 |
| Dividend yield | 7.65% | 1.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMBP | CCK |
|---|---|---|
| 2022 | -42.5% | -25.0% |
| 2023 | -11.5% | +13.3% |
| 2024 | -12.4% | -9.1% |
| 2025 | +49.2% | +25.9% |
| 2026 | +32.3% | +15.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMBP and CCK 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 CCK?
As of 2026-08-27, the correlation of weekly returns between AMBP and CCK is 0.46 over 3 years, 0.60 over 1 year and 0.56 over 5 years.
Is CCK 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?
On the −1 to +1 scale, 0.46 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/ambp-vs-cck.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ambp-vs-cck/)
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Related comparisons
Hubs: AMBP correlations · CCK correlations
