AMRC vs GEVO: Correlation
Measured on weekly returns over the past three years, Ameresco, Inc. (AMRC) and Gevo, Inc. (GEVO) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMRC and GEVO?
On 3 years of weekly data the AMRC/GEVO correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 2775.7 %².
Among the 18 assets we track against AMRC, GEVO ranks #10 by 3-year correlation. Neither side won the trailing year by much: -6.6% against -5.6%.
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.
AMRC vs GEVO: side by side
| AMRC (Ameresco, Inc.) | GEVO (Gevo, Inc.) | |
|---|---|---|
| 1-year return | -6.6% | -5.6% |
| 5-year return | -66.7% | -72.4% |
| Volatility (ann.) | 74.9% | 95.1% |
| Beta vs S&P 500 | 1.78 | 1.49 |
| Max drawdown (3Y) | -81.5% | -69.0% |
| Market cap | $1.2B | $0.4B |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMRC | GEVO |
|---|---|---|
| 2022 | -29.8% | -55.6% |
| 2023 | -44.6% | -38.9% |
| 2024 | -25.9% | +80.2% |
| 2025 | +24.7% | -4.3% |
| 2026 | -21.8% | -16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMRC and GEVO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMRC and GEVO?
As of 2026-08-27, the correlation of weekly returns between AMRC and GEVO is 0.39 over 3 years, 0.33 over 1 year and 0.43 over 5 years.
Is GEVO a good diversifier for AMRC?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/amrc-vs-gevo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amrc-vs-gevo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMRC correlations · GEVO correlations
