AMRX vs PNC: Correlation
Measured on weekly returns over the past three years, Amneal Pharmaceuticals, Inc. (AMRX) and PNC Financial Services (PNC) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMRX and PNC?
Across a 3-year window, the weekly returns of AMRX and PNC correlate at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 485.9 %².
In AMRX's tracked universe of 11 assets, PNC sits right near the top at #1. The last year tells two different stories: AMRX led by 70.3 percentage points, +92.4% for AMRX against +22.1% for PNC.
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 PNC: side by side
| AMRX (Amneal Pharmaceuticals, Inc.) | PNC (PNC Financial Services) | |
|---|---|---|
| 1-year return | +92.4% | +22.1% |
| 5-year return | +243.0% | +53.5% |
| Volatility (ann.) | 36.9% | 25.6% |
| Beta vs S&P 500 | 0.86 | 0.92 |
| Max drawdown (3Y) | -24.6% | -29.8% |
| Market cap | $6.3B | $97.1B |
| P/E (trailing) | 37.5 | 13.5 |
| Dividend yield | 0.00% | 2.78% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AMRX | PNC |
|---|---|---|
| 2022 | -58.5% | -18.6% |
| 2023 | +205.0% | +2.7% |
| 2024 | +30.5% | +29.4% |
| 2025 | +59.1% | +12.2% |
| 2026 | +42.9% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMRX and PNC good diversifiers for each other?
Only partially. A correlation of 0.52 means AMRX and PNC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AMRX and PNC?
The AMRX/PNC correlation stands at 0.52 on a 3-year window (1 year: 0.49, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is PNC a good diversifier for AMRX?
Only partially. A correlation of 0.52 means AMRX and PNC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 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/amrx-vs-pnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amrx-vs-pnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMRX correlations · PNC correlations
