AMCI vs RNW: Correlation
AMC Robotics Corporation (AMCI) and ReNew Energy Global plc - Class A Shares (RNW) show a negative relationship: their 3-year correlation of weekly returns is -0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCI and RNW?
Over the past 3 years, AMCI and RNW moved with a correlation of -0.42, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.63) runs below the 3-year figure (-0.42). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2522.0 %².
RNW is close to the least connected end of AMCI's tracked universe, ranking #19 of 20. The last year tells two different stories: RNW led by 54.7 percentage points, -66.2% for AMCI against -11.5% for RNW. Risk is not evenly split, since AMCI carries 4.7 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.
AMCI vs RNW: side by side
| AMCI (AMC Robotics Corporation) | RNW (ReNew Energy Global plc - Class A Shares) | |
|---|---|---|
| 1-year return | -66.2% | -11.5% |
| 5-year return | n/a | -26.6% |
| Volatility (ann.) | 168.1% | 35.5% |
| Beta vs S&P 500 | 0.40 | 0.53 |
| Max drawdown (3Y) | -87.8% | -45.1% |
| Market cap | $0.1B | $2.5B |
| P/E (trailing) | – | 22.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMCI | RNW |
|---|---|---|
| 2022 | – | -29.3% |
| 2023 | – | +39.3% |
| 2024 | +6.4% | -10.8% |
| 2025 | -30.6% | -17.3% |
| 2026 | -48.8% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCI and RNW good diversifiers for each other?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMCI and RNW?
The AMCI/RNW correlation stands at -0.42 on a 3-year window (1 year: -0.63, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RNW a good diversifier for AMCI?
By historical standards, yes. A correlation of -0.42 means the two rarely move for the same reasons.
What does a correlation of -0.42 mean?
On the −1 to +1 scale, -0.42 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/amci-vs-rnw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amci-vs-rnw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMCI correlations · RNW correlations
