AMP vs CALM: Correlation
Measured on weekly returns over the past three years, Ameriprise Financial (AMP) and Cal-Maine Foods, Inc. (CALM) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and CALM?
On 3 years of weekly data the AMP/CALM correlation comes out at 0.32, moderate. The past 12 months show a weaker link (0.10) than the 3-year average (0.32). The 5-year figure is 0.23, and annualized covariance runs at 242.9 %².
By 3-year correlation, CALM places #24 of the 34 assets tracked against AMP. Correlation aside, the last 12 months split them widely, with AMP ahead by 38.4 points (+8.7% versus -29.7%).
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.
AMP vs CALM: side by side
| AMP (Ameriprise Financial) | CALM (Cal-Maine Foods, Inc.) | |
|---|---|---|
| 1-year return | +8.7% | -29.7% |
| 5-year return | +119.2% | +187.0% |
| Volatility (ann.) | 25.0% | 30.5% |
| Beta vs S&P 500 | 1.09 | 0.35 |
| Max drawdown (3Y) | -26.4% | -37.0% |
| Market cap | $49.1B | $3.7B |
| P/E (trailing) | 13.5 | 12.5 |
| Dividend yield | 1.16% | 2.96% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AMP | CALM |
|---|---|---|
| 2022 | +5.0% | +51.9% |
| 2023 | +24.0% | +14.5% |
| 2024 | +42.1% | +87.0% |
| 2025 | -6.7% | -15.6% |
| 2026 | +14.5% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and CALM good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMP and CALM?
The AMP/CALM correlation stands at 0.32 on a 3-year window (1 year: 0.10, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is CALM a good diversifier for AMP?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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: AMP correlations · CALM correlations
