AMR vs IBAC: Correlation
Alpha Metallurgical Resources, Inc. (AMR) and IB Acquisition Corp. (IBAC) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMR and IBAC?
On 3 years of weekly data the AMR/IBAC correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -31.6 %².
Among the 12 assets we track against AMR, IBAC sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months AMR outperformed by 52.8 percentage points (+56.1% for AMR against +3.3% for IBAC). Risk is not evenly split, since AMR carries 26.7 times the volatility of the other side.
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 IBAC: side by side
| AMR (Alpha Metallurgical Resources, Inc.) | IBAC (IB Acquisition Corp.) | |
|---|---|---|
| 1-year return | +56.1% | +3.3% |
| 5-year return | +514.2% | n/a |
| Volatility (ann.) | 56.0% | 2.1% |
| Beta vs S&P 500 | 1.13 | -0.00 |
| Max drawdown (3Y) | -77.5% | -3.2% |
| Market cap | $2.9B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMR | IBAC |
|---|---|---|
| 2022 | +150.1% | – |
| 2023 | +133.9% | – |
| 2024 | -41.0% | – |
| 2025 | -0.1% | +3.7% |
| 2026 | +13.8% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMR and IBAC good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AMR and IBAC?
The AMR/IBAC correlation stands at -0.26 on a 3-year window (1 year: -0.33, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IBAC a good diversifier for AMR?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AMR correlations · IBAC correlations
