AMN vs COLD: Correlation
How closely do AMN Healthcare Services Inc (AMN) and Americold Realty Trust, Inc. (COLD) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMN and COLD?
On 3 years of weekly data the AMN/COLD correlation comes out at 0.46, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.46 over 3. The 5-year figure is 0.37, and annualized covariance runs at 934.0 %².
By 3-year correlation, COLD places #5 of the 10 assets tracked against AMN. Correlation aside, the last 12 months split them widely, with AMN ahead by 66.1 points (+74.4% versus +8.3%). Risk is not evenly split, since AMN carries 1.6 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.
AMN vs COLD: side by side
| AMN (AMN Healthcare Services Inc) | COLD (Americold Realty Trust, Inc.) | |
|---|---|---|
| 1-year return | +74.4% | +8.3% |
| 5-year return | -68.4% | -49.6% |
| Volatility (ann.) | 57.2% | 35.4% |
| Beta vs S&P 500 | 0.53 | 0.70 |
| Max drawdown (3Y) | -83.2% | -67.1% |
| Market cap | $1.4B | $4.3B |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 0.00% | 6.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMN | COLD |
|---|---|---|
| 2022 | -15.9% | -10.9% |
| 2023 | -27.2% | +10.1% |
| 2024 | -68.1% | -26.7% |
| 2025 | -34.1% | -36.2% |
| 2026 | +122.6% | +21.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMN and COLD good diversifiers for each other?
Reasonably. At 0.46, AMN and COLD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AMN and COLD?
As of 2026-08-27, the correlation of weekly returns between AMN and COLD is 0.46 over 3 years, 0.49 over 1 year and 0.37 over 5 years.
Is COLD a good diversifier for AMN?
Reasonably. At 0.46, AMN and COLD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/amn-vs-cold.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amn-vs-cold/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMN correlations · COLD correlations
