AMRC vs HTCR: Correlation
Measured on weekly returns over the past three years, Ameresco, Inc. (AMRC) and Heartcore Enterprises, Inc. (HTCR) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMRC and HTCR?
Over the past 3 years, AMRC and HTCR moved with a correlation of 0.35, which is moderate. Recent behaviour matches the longer record: 0.27 over 1 year against 0.35 over 3. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 2546.7 %².
By 3-year correlation, HTCR places #11 of the 18 assets tracked against AMRC. Correlation aside, the last 12 months split them widely, with AMRC ahead by 80.1 points (-6.6% versus -86.7%).
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 HTCR: side by side
| AMRC (Ameresco, Inc.) | HTCR (Heartcore Enterprises, Inc.) | |
|---|---|---|
| 1-year return | -6.6% | -86.7% |
| 5-year return | -66.7% | -96.7% |
| Volatility (ann.) | 74.9% | 97.6% |
| Beta vs S&P 500 | 1.78 | 1.26 |
| Max drawdown (3Y) | -81.5% | -95.7% |
| Market cap | $1.2B | – |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMRC | HTCR |
|---|---|---|
| 2022 | -29.8% | – |
| 2023 | -44.6% | -29.9% |
| 2024 | -25.9% | +199.2% |
| 2025 | +24.7% | -80.3% |
| 2026 | -21.8% | -56.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMRC and HTCR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMRC and HTCR?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.27 over the last year and 0.22 over 5 years.
Is HTCR a good diversifier for AMRC?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/amrc-vs-htcr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amrc-vs-htcr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMRC correlations · HTCR correlations
