AMCR vs BAFN: Correlation
How closely do Amcor (AMCR) and BayFirst Financial Corp. (BAFN) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and BAFN?
On 3 years of weekly data the AMCR/BAFN correlation comes out at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 407.8 %².
Within AMCR's tracked universe of 36 assets, BAFN comes in at #23 by 3-year correlation. The last year tells two different stories: AMCR led by 40.7 percentage points, +12.6% for AMCR against -28.1% for BAFN. Risk is not evenly split, since BAFN carries 2.0 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.
AMCR vs BAFN: side by side
| AMCR (Amcor) | BAFN (BayFirst Financial Corp.) | |
|---|---|---|
| 1-year return | +12.6% | -28.1% |
| 5-year return | -9.8% | -70.9% |
| Volatility (ann.) | 24.5% | 47.9% |
| Beta vs S&P 500 | 0.46 | 0.67 |
| Max drawdown (3Y) | -32.0% | -76.5% |
| Market cap | $21.5B | $0.2B |
| P/E (trailing) | 19.8 | – |
| Dividend yield | 5.51% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AMCR | BAFN |
|---|---|---|
| 2022 | +3.2% | -25.3% |
| 2023 | -15.0% | -20.2% |
| 2024 | +2.6% | +4.6% |
| 2025 | -9.0% | -40.4% |
| 2026 | +14.9% | -14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and BAFN good diversifiers for each other?
Reasonably. At 0.35, AMCR and BAFN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AMCR and BAFN?
As of 2026-08-27, the correlation of weekly returns between AMCR and BAFN is 0.35 over 3 years, 0.37 over 1 year and 0.22 over 5 years.
Is BAFN a good diversifier for AMCR?
Reasonably. At 0.35, AMCR and BAFN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/amcr-vs-bafn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amcr-vs-bafn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMCR correlations · BAFN correlations
