AMCR vs GEOS: Correlation
Measured on weekly returns over the past three years, Amcor (AMCR) and Geospace Technologies Corporation (GEOS) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and GEOS?
On 3 years of weekly data the AMCR/GEOS correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -466.8 %².
Among the 36 assets we track against AMCR, GEOS ranks #29 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AMCR ahead by 86.8 points (+12.6% versus -74.2%). One caveat on sizing: GEOS is 3.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 GEOS: side by side
| AMCR (Amcor) | GEOS (Geospace Technologies Corporation) | |
|---|---|---|
| 1-year return | +12.6% | -74.2% |
| 5-year return | -9.8% | -48.1% |
| Volatility (ann.) | 24.5% | 86.6% |
| Beta vs S&P 500 | 0.46 | 0.66 |
| Max drawdown (3Y) | -32.0% | -81.9% |
| Market cap | $21.5B | $0.1B |
| P/E (trailing) | 19.8 | – |
| Dividend yield | 5.51% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AMCR | GEOS |
|---|---|---|
| 2022 | +3.2% | -36.9% |
| 2023 | -15.0% | +207.1% |
| 2024 | +2.6% | -22.7% |
| 2025 | -9.0% | +68.8% |
| 2026 | +14.9% | -69.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and GEOS good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMCR and GEOS?
As of 2026-08-27, the correlation of weekly returns between AMCR and GEOS is -0.22 over 3 years, -0.29 over 1 year and -0.14 over 5 years.
Is GEOS a good diversifier for AMCR?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AMCR correlations · GEOS correlations
