AMGN vs LIVE: Correlation
How closely do Amgen (AMGN) and Live Ventures Incorporated (LIVE) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMGN and LIVE?
Across a 3-year window, the weekly returns of AMGN and LIVE correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.22 over 3. Stretching to 5 years gives -0.15, with an annualized covariance of -542.5 %².
Within AMGN's tracked universe of 31 assets, LIVE comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMGN outperformed by 109.1 percentage points (+56.0% for AMGN against -53.1% for LIVE). Note the risk asymmetry: LIVE runs 3.6 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.
AMGN vs LIVE: side by side
| AMGN (Amgen) | LIVE (Live Ventures Incorporated) | |
|---|---|---|
| 1-year return | +56.0% | -53.1% |
| 5-year return | +127.8% | -76.0% |
| Volatility (ann.) | 26.3% | 94.6% |
| Beta vs S&P 500 | 0.34 | 0.30 |
| Max drawdown (3Y) | -22.7% | -76.8% |
| Market cap | $236.3B | – |
| P/E (trailing) | 27.3 | – |
| Dividend yield | 2.23% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | AMGN | LIVE |
|---|---|---|
| 2022 | +20.4% | -0.7% |
| 2023 | +13.5% | -18.8% |
| 2024 | -6.8% | -63.3% |
| 2025 | +29.7% | +58.6% |
| 2026 | +36.2% | -37.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMGN and LIVE 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 AMGN and LIVE?
The AMGN/LIVE correlation stands at -0.22 on a 3-year window (1 year: -0.32, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is LIVE a good diversifier for AMGN?
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?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AMGN correlations · LIVE correlations
