AMPG vs ANAB: Correlation
How closely do Amplitech Group, Inc. (AMPG) and AnaptysBio, Inc. (ANAB) 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 AMPG and ANAB?
On 3 years of weekly data the AMPG/ANAB correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.22). The 5-year figure is -0.17, and annualized covariance runs at -2967.6 %².
Among the 15 assets we track against AMPG, ANAB sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months ANAB outperformed by 299.0 percentage points (+22.2% for AMPG against +321.2% for ANAB). One caveat on sizing: AMPG is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AMPG vs ANAB: side by side
| AMPG (Amplitech Group, Inc.) | ANAB (AnaptysBio, Inc.) | |
|---|---|---|
| 1-year return | +22.2% | +321.2% |
| 5-year return | -0.5% | +243.9% |
| Volatility (ann.) | 178.6% | 74.9% |
| Beta vs S&P 500 | 1.10 | 1.03 |
| Max drawdown (3Y) | -78.6% | -69.3% |
| Market cap | $0.1B | $1.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMPG | ANAB |
|---|---|---|
| 2022 | -46.2% | -10.8% |
| 2023 | -11.3% | -30.9% |
| 2024 | +173.4% | -38.2% |
| 2025 | -41.8% | +266.2% |
| 2026 | +25.1% | +77.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPG and ANAB good diversifiers for each other?
Yes. With a correlation of -0.22, AMPG and ANAB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMPG and ANAB?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.05 over the last year and -0.17 over 5 years.
Is ANAB a good diversifier for AMPG?
Yes. With a correlation of -0.22, AMPG and ANAB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/ampg-vs-anab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ampg-vs-anab/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMPG correlations · ANAB correlations
