AMR vs NRP: Correlation
Alpha Metallurgical Resources, Inc. (AMR) and Natural Resource Partners LP Limited Partnership (NRP) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMR and NRP?
On 3 years of weekly data the AMR/NRP correlation comes out at 0.40, moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.40). The 5-year figure is 0.38, and annualized covariance runs at 634.5 %².
By 3-year correlation, NRP places #6 of the 12 assets tracked against AMR. The last year tells two different stories: AMR led by 46.5 percentage points, +56.1% for AMR against +9.6% for NRP. Note the risk asymmetry: AMR runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 NRP: side by side
| AMR (Alpha Metallurgical Resources, Inc.) | NRP (Natural Resource Partners LP Limited Partnership) | |
|---|---|---|
| 1-year return | +56.1% | +9.6% |
| 5-year return | +514.2% | +624.7% |
| Volatility (ann.) | 56.0% | 28.3% |
| Beta vs S&P 500 | 1.13 | 0.41 |
| Max drawdown (3Y) | -77.5% | -22.9% |
| Market cap | $2.9B | – |
| P/E (trailing) | – | 14.0 |
| Dividend yield | 0.00% | 2.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMR | NRP |
|---|---|---|
| 2022 | +150.1% | +72.9% |
| 2023 | +133.9% | +87.0% |
| 2024 | -41.0% | +27.4% |
| 2025 | -0.1% | -1.9% |
| 2026 | +13.8% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMR and NRP good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMR and NRP?
The AMR/NRP correlation stands at 0.40 on a 3-year window (1 year: 0.29, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is NRP a good diversifier for AMR?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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-nrp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amr-vs-nrp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMR correlations · NRP correlations
