AMR vs METC: Correlation
How closely do Alpha Metallurgical Resources, Inc. (AMR) and Ramaco Resources, Inc. (METC) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMR and METC?
Over the past 3 years, AMR and METC moved with a correlation of 0.49, which is moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.49). Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 2379.7 %².
Among the 12 assets we track against AMR, METC ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AMR ahead by 101.2 points (+56.1% versus -45.1%). One caveat on sizing: METC is 1.5 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.
AMR vs METC: side by side
| AMR (Alpha Metallurgical Resources, Inc.) | METC (Ramaco Resources, Inc.) | |
|---|---|---|
| 1-year return | +56.1% | -45.1% |
| 5-year return | +514.2% | +83.2% |
| Volatility (ann.) | 56.0% | 86.1% |
| Beta vs S&P 500 | 1.13 | 1.13 |
| Max drawdown (3Y) | -77.5% | -83.7% |
| Market cap | $2.9B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMR | METC |
|---|---|---|
| 2022 | +150.1% | -33.0% |
| 2023 | +133.9% | +105.9% |
| 2024 | -41.0% | -37.9% |
| 2025 | -0.1% | +77.9% |
| 2026 | +13.8% | -22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMR and METC good diversifiers for each other?
Reasonably. At 0.49, AMR and METC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AMR and METC?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.35 over the last year and 0.55 over 5 years.
Is METC a good diversifier for AMR?
Reasonably. At 0.49, AMR and METC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amr-vs-metc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amr-vs-metc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMR correlations · METC correlations
