AMCI vs TNMG: Correlation
Measured on weekly returns over the past three years, AMC Robotics Corporation (AMCI) and TNL Mediagene (TNMG) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCI and TNMG?
Over the past 3 years, AMCI and TNMG moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.31) runs below the 3-year figure (-0.20). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -4331.8 %².
Within AMCI's tracked universe of 20 assets, TNMG comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMCI outperformed by 27.9 percentage points (-66.2% for AMCI against -94.1% for TNMG).
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 TNMG: side by side
| AMCI (AMC Robotics Corporation) | TNMG (TNL Mediagene) | |
|---|---|---|
| 1-year return | -66.2% | -94.1% |
| 5-year return | n/a | -99.7% |
| Volatility (ann.) | 168.1% | 126.7% |
| Beta vs S&P 500 | 0.40 | 2.05 |
| Max drawdown (3Y) | -87.8% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMCI | TNMG |
|---|---|---|
| 2023 | – | +4.9% |
| 2024 | +6.4% | -26.4% |
| 2025 | -30.6% | -98.3% |
| 2026 | -48.8% | -81.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCI and TNMG good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AMCI and TNMG?
The AMCI/TNMG correlation stands at -0.20 on a 3-year window (1 year: -0.31, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TNMG a good diversifier for AMCI?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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/amci-vs-tnmg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amci-vs-tnmg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMCI correlations · TNMG correlations
