AMD vs PPC: Correlation
How closely do Advanced Micro Devices (AMD) and Pilgrim's Pride Corporation (PPC) 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 PPC?
Across a 3-year window, the weekly returns of AMD and PPC correlate at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Stretching to 5 years gives -0.01, with an annualized covariance of -282.7 %².
By 3-year correlation, PPC places #26 of the 33 assets tracked against AMD. Correlation aside, the last 12 months split them widely, with AMD ahead by 216.0 points (+185.2% versus -30.8%). Risk is not evenly split, since AMD carries 1.8 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 PPC: side by side
| AMD (Advanced Micro Devices) | PPC (Pilgrim's Pride Corporation) | |
|---|---|---|
| 1-year return | +185.2% | -30.8% |
| 5-year return | +328.2% | +32.4% |
| Volatility (ann.) | 55.7% | 30.3% |
| Beta vs S&P 500 | 2.04 | -0.17 |
| Max drawdown (3Y) | -63.0% | -49.2% |
| Market cap | $778.2B | $7.4B |
| P/E (trailing) | 121.9 | 13.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AMD | PPC |
|---|---|---|
| 2022 | -55.0% | -15.9% |
| 2023 | +127.6% | +16.6% |
| 2024 | -18.1% | +64.1% |
| 2025 | +77.3% | +1.4% |
| 2026 | +122.6% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMD and PPC good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMD and PPC?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.26 over the last year and -0.01 over 5 years.
Is PPC a good diversifier for AMD?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
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-ppc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amd-vs-ppc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMD correlations · PPC correlations
