AMD vs PACS: Correlation
How closely do Advanced Micro Devices (AMD) and PACS Group, Inc. (PACS) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMD and PACS?
Over the past 3 years, AMD and PACS moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.17 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1152.5 %².
By 3-year correlation, PACS places #25 of the 33 assets tracked against AMD. The last year tells two different stories: PACS led by 87.8 percentage points, +185.2% for AMD against +273.0% for PACS. Risk is not evenly split, since PACS carries 2.2 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.
AMD vs PACS: side by side
| AMD (Advanced Micro Devices) | PACS (PACS Group, Inc.) | |
|---|---|---|
| 1-year return | +185.2% | +273.0% |
| 5-year return | +328.2% | n/a |
| Volatility (ann.) | 55.7% | 120.5% |
| Beta vs S&P 500 | 2.04 | 0.06 |
| Max drawdown (3Y) | -63.0% | -82.0% |
| Market cap | $778.2B | $7.0B |
| P/E (trailing) | 121.9 | 25.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AMD | PACS |
|---|---|---|
| 2022 | -55.0% | – |
| 2023 | +127.6% | – |
| 2024 | -18.1% | – |
| 2025 | +77.3% | +192.8% |
| 2026 | +122.6% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMD and PACS good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AMD and PACS?
The AMD/PACS correlation stands at -0.17 on a 3-year window (1 year: -0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PACS a good diversifier for AMD?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amd-vs-pacs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amd-vs-pacs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMD correlations · PACS correlations
