AMRX vs BOH: Correlation
Amneal Pharmaceuticals, Inc. (AMRX) and Bank of Hawaii Corporation (BOH) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMRX and BOH?
Over the past 3 years, AMRX and BOH moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 547.7 %².
Within AMRX's tracked universe of 11 assets, BOH comes in at #4 by 3-year correlation. The last year tells two different stories: AMRX led by 75.5 percentage points, +92.4% for AMRX against +16.9% for BOH.
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 BOH: side by side
| AMRX (Amneal Pharmaceuticals, Inc.) | BOH (Bank of Hawaii Corporation) | |
|---|---|---|
| 1-year return | +92.4% | +16.9% |
| 5-year return | +243.0% | +14.3% |
| Volatility (ann.) | 36.9% | 29.1% |
| Beta vs S&P 500 | 0.86 | 0.71 |
| Max drawdown (3Y) | -24.6% | -24.2% |
| Market cap | $6.3B | $3.0B |
| P/E (trailing) | 37.5 | 14.4 |
| Dividend yield | 0.00% | 3.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMRX | BOH |
|---|---|---|
| 2022 | -58.5% | -4.1% |
| 2023 | +205.0% | -1.5% |
| 2024 | +30.5% | +3.6% |
| 2025 | +59.1% | +0.0% |
| 2026 | +42.9% | +15.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMRX and BOH 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 BOH?
The AMRX/BOH correlation stands at 0.51 on a 3-year window (1 year: 0.59, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is BOH 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-boh.json
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Related comparisons
Hubs: AMRX correlations · BOH correlations
