AMN vs MSI: Correlation
Measured on weekly returns over the past three years, AMN Healthcare Services Inc (AMN) and Motorola Solutions (MSI) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMN and MSI?
Over the past 3 years, AMN and MSI moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -263.6 %².
Among the 10 assets we track against AMN, MSI sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months AMN outperformed by 68.5 percentage points (+74.4% for AMN against +5.9% for MSI). Note the risk asymmetry: AMN runs 2.6 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.
AMN vs MSI: side by side
| AMN (AMN Healthcare Services Inc) | MSI (Motorola Solutions) | |
|---|---|---|
| 1-year return | +74.4% | +5.9% |
| 5-year return | -68.4% | +111.1% |
| Volatility (ann.) | 57.2% | 22.1% |
| Beta vs S&P 500 | 0.53 | 0.61 |
| Max drawdown (3Y) | -83.2% | -27.0% |
| Market cap | $1.4B | $80.5B |
| P/E (trailing) | 12.7 | 38.5 |
| Dividend yield | 0.00% | 0.97% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AMN | MSI |
|---|---|---|
| 2022 | -15.9% | -3.8% |
| 2023 | -27.2% | +23.0% |
| 2024 | -68.1% | +49.1% |
| 2025 | -34.1% | -16.2% |
| 2026 | +122.6% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMN and MSI good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMN and MSI?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.28 over the last year and -0.02 over 5 years.
Is MSI a good diversifier for AMN?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/amn-vs-msi.json
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Related comparisons
Hubs: AMN correlations · MSI correlations
