AMG vs TWIN: Correlation
Measured on weekly returns over the past three years, Affiliated Managers Group, Inc. (AMG) and Twin Disc, Incorporated (TWIN) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMG and TWIN?
On 3 years of weekly data the AMG/TWIN correlation comes out at 0.45, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.45). The 5-year figure is 0.32, and annualized covariance runs at 611.9 %².
By 3-year correlation, TWIN places #8 of the 13 assets tracked against AMG. Correlation aside, the last 12 months split them widely, with TWIN ahead by 23.5 points (+62.7% versus +86.2%). Note the risk asymmetry: TWIN runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AMG vs TWIN: side by side
| AMG (Affiliated Managers Group, Inc.) | TWIN (Twin Disc, Incorporated) | |
|---|---|---|
| 1-year return | +62.7% | +86.2% |
| 5-year return | +116.5% | +98.7% |
| Volatility (ann.) | 26.6% | 50.6% |
| Beta vs S&P 500 | 0.82 | 0.83 |
| Max drawdown (3Y) | -27.0% | -64.4% |
| Market cap | $9.6B | $0.3B |
| P/E (trailing) | 13.0 | 12.6 |
| Dividend yield | 0.01% | 0.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMG | TWIN |
|---|---|---|
| 2022 | -3.7% | -11.3% |
| 2023 | -4.4% | +66.7% |
| 2024 | +22.2% | -26.4% |
| 2025 | +55.9% | +44.4% |
| 2026 | +28.5% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMG and TWIN good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMG and TWIN?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.55 over the last year and 0.32 over 5 years.
Is TWIN a good diversifier for AMG?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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/amg-vs-twin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amg-vs-twin/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMG correlations · TWIN correlations
