AME vs KR: Correlation
How closely do Ametek (AME) and Kroger (KR) 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 AME and KR?
Across a 3-year window, the weekly returns of AME and KR correlate at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.44) than the 3-year average (-0.17). Stretching to 5 years gives 0.10, with an annualized covariance of -80.9 %².
Within AME's tracked universe of 31 assets, KR comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AME outperformed by 45.8 percentage points (+31.4% for AME against -14.4% for KR). This link changes with the market regime, having swung between -0.40 and 0.41 on a rolling one-year basis.
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.
AME vs KR: side by side
| AME (Ametek) | KR (Kroger) | |
|---|---|---|
| 1-year return | +31.4% | -14.4% |
| 5-year return | +83.6% | +37.3% |
| Volatility (ann.) | 20.4% | 23.4% |
| Beta vs S&P 500 | 0.84 | -0.16 |
| Max drawdown (3Y) | -23.0% | -26.2% |
| Market cap | $55.9B | – |
| P/E (trailing) | 35.8 | 33.3 |
| Dividend yield | 0.53% | 1.79% |
| Sector / category | Industrials | Consumer Staples |
Year-by-year returns
| Year | AME | KR |
|---|---|---|
| 2022 | -4.3% | +0.4% |
| 2023 | +18.8% | +5.0% |
| 2024 | +10.0% | +36.9% |
| 2025 | +14.7% | +4.3% |
| 2026 | +19.1% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AME and KR 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 AME and KR?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.44 over the last year and 0.10 over 5 years.
Is KR a good diversifier for AME?
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?
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/ame-vs-kr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ame-vs-kr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AME correlations · KR correlations
