AMR vs CNR: Correlation
Alpha Metallurgical Resources, Inc. (AMR) and Core Natural Resources, Inc. (CNR) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMR and CNR?
Over the past 3 years, AMR and CNR moved with a correlation of 0.59, which is moderate. The past 12 months show a weaker link (0.47) than the 3-year average (0.59). Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 1459.5 %².
In AMR's tracked universe of 12 assets, CNR sits right near the top at #2. The last year tells two different stories: AMR led by 15.8 percentage points, +56.1% for AMR against +40.3% for CNR.
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.
AMR vs CNR: side by side
| AMR (Alpha Metallurgical Resources, Inc.) | CNR (Core Natural Resources, Inc.) | |
|---|---|---|
| 1-year return | +56.1% | +40.3% |
| 5-year return | +514.2% | +395.6% |
| Volatility (ann.) | 56.0% | 43.9% |
| Beta vs S&P 500 | 1.13 | 0.53 |
| Max drawdown (3Y) | -77.5% | -52.1% |
| Market cap | $2.9B | $5.0B |
| P/E (trailing) | – | 49.3 |
| Dividend yield | 0.00% | 0.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMR | CNR |
|---|---|---|
| 2022 | +150.1% | +195.5% |
| 2023 | +133.9% | +60.7% |
| 2024 | -41.0% | +6.6% |
| 2025 | -0.1% | -16.6% |
| 2026 | +13.8% | +15.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMR and CNR good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMR and CNR?
The AMR/CNR correlation stands at 0.59 on a 3-year window (1 year: 0.47, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is CNR a good diversifier for AMR?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
A reading of 0.59 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/amr-vs-cnr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amr-vs-cnr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMR correlations · CNR correlations
