AMR vs HCC: Correlation
Measured on weekly returns over the past three years, Alpha Metallurgical Resources, Inc. (AMR) and Warrior Met Coal, Inc. (HCC) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMR and HCC?
On 3 years of weekly data the AMR/HCC correlation comes out at 0.79, strong. The link has loosened recently: the 1-year correlation (0.69) runs below the 3-year figure (0.79). The 5-year figure is 0.77, and annualized covariance runs at 2134.2 %².
Few assets follow AMR as closely as HCC, which ranks #1 of 12 tracked partners. The last year tells two different stories: HCC led by 28.2 percentage points, +56.1% for AMR against +84.3% for HCC.
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 HCC: side by side
| AMR (Alpha Metallurgical Resources, Inc.) | HCC (Warrior Met Coal, Inc.) | |
|---|---|---|
| 1-year return | +56.1% | +84.3% |
| 5-year return | +514.2% | +450.1% |
| Volatility (ann.) | 56.0% | 48.0% |
| Beta vs S&P 500 | 1.13 | 0.98 |
| Max drawdown (3Y) | -77.5% | -45.5% |
| Market cap | $2.9B | $5.7B |
| P/E (trailing) | – | 25.3 |
| Dividend yield | 0.00% | 0.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMR | HCC |
|---|---|---|
| 2022 | +150.1% | +41.0% |
| 2023 | +133.9% | +81.6% |
| 2024 | -41.0% | -9.8% |
| 2025 | -0.1% | +63.5% |
| 2026 | +13.8% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMR and HCC good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMR and HCC?
The AMR/HCC correlation stands at 0.79 on a 3-year window (1 year: 0.69, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is HCC a good diversifier for AMR?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.79 mean?
On the −1 to +1 scale, 0.79 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
$ curl https://www.pairbook.io/api/v1/pairs/amr-vs-hcc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amr-vs-hcc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMR correlations · HCC correlations
