AMN vs PLNT: Correlation
How closely do AMN Healthcare Services Inc (AMN) and Planet Fitness, Inc. (PLNT) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMN and PLNT?
Over the past 3 years, AMN and PLNT moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.27 over 3 years. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -599.7 %².
Among the 10 assets we track against AMN, PLNT sits near the bottom by co-movement, at rank #10. The last year tells two different stories: AMN led by 125.5 percentage points, +74.4% for AMN against -51.1% for PLNT.
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 PLNT: side by side
| AMN (AMN Healthcare Services Inc) | PLNT (Planet Fitness, Inc.) | |
|---|---|---|
| 1-year return | +74.4% | -51.1% |
| 5-year return | -68.4% | -36.6% |
| Volatility (ann.) | 57.2% | 39.0% |
| Beta vs S&P 500 | 0.53 | 0.42 |
| Max drawdown (3Y) | -83.2% | -61.2% |
| Market cap | $1.4B | $3.9B |
| P/E (trailing) | 12.7 | 17.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMN | PLNT |
|---|---|---|
| 2022 | -15.9% | -13.0% |
| 2023 | -27.2% | -7.4% |
| 2024 | -68.1% | +35.4% |
| 2025 | -34.1% | +9.7% |
| 2026 | +122.6% | -52.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMN and PLNT good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMN and PLNT?
As of 2026-08-27, the correlation of weekly returns between AMN and PLNT is -0.27 over 3 years, -0.41 over 1 year and -0.11 over 5 years.
Is PLNT a good diversifier for AMN?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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.
Use this data
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Related comparisons
Hubs: AMN correlations · PLNT correlations
