AMRX vs AUB: Correlation
Measured on weekly returns over the past three years, Amneal Pharmaceuticals, Inc. (AMRX) and Atlantic Union Bankshares Corporation (AUB) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMRX and AUB?
On 3 years of weekly data the AMRX/AUB correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 597.8 %².
Few assets follow AMRX as closely as AUB, which ranks #3 of 11 tracked partners. The last year tells two different stories: AMRX led by 73.4 percentage points, +92.4% for AMRX against +19.0% for AUB.
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.
AMRX vs AUB: side by side
| AMRX (Amneal Pharmaceuticals, Inc.) | AUB (Atlantic Union Bankshares Corporation) | |
|---|---|---|
| 1-year return | +92.4% | +19.0% |
| 5-year return | +243.0% | +33.7% |
| Volatility (ann.) | 36.9% | 31.5% |
| Beta vs S&P 500 | 0.86 | 1.07 |
| Max drawdown (3Y) | -24.6% | -44.7% |
| Market cap | $6.3B | $5.8B |
| P/E (trailing) | 37.5 | 11.9 |
| Dividend yield | 0.00% | 3.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMRX | AUB |
|---|---|---|
| 2022 | -58.5% | -2.6% |
| 2023 | +205.0% | +8.1% |
| 2024 | +30.5% | +7.5% |
| 2025 | +59.1% | -2.7% |
| 2026 | +42.9% | +18.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMRX and AUB good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMRX and AUB?
The AMRX/AUB correlation stands at 0.51 on a 3-year window (1 year: 0.58, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is AUB a good diversifier for AMRX?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 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/amrx-vs-aub.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amrx-vs-aub/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMRX correlations · AUB correlations
