AMS vs XRX: Correlation
How closely do American Shared Hospital Services (AMS) and Xerox Holdings Corporation (XRX) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMS and XRX?
Over the past 3 years, AMS and XRX moved with a correlation of 0.41, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.41 over 3 years. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 1489.6 %².
Few assets follow AMS as closely as XRX, which ranks #1 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with XRX ahead by 20.7 points (-40.7% versus -20.0%). Risk is not evenly split, since XRX carries 1.7 times the volatility of the other side.
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.
AMS vs XRX: side by side
| AMS (American Shared Hospital Services) | XRX (Xerox Holdings Corporation) | |
|---|---|---|
| 1-year return | -40.7% | -20.0% |
| 5-year return | -45.7% | -81.9% |
| Volatility (ann.) | 46.6% | 77.4% |
| Beta vs S&P 500 | 0.34 | 2.12 |
| Max drawdown (3Y) | -64.2% | -92.7% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 3.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMS | XRX |
|---|---|---|
| 2022 | +23.6% | -31.3% |
| 2023 | -18.8% | +33.8% |
| 2024 | +34.0% | -49.8% |
| 2025 | -33.9% | -70.6% |
| 2026 | -30.8% | +28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMS and XRX good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMS and XRX?
As of 2026-08-27, the correlation of weekly returns between AMS and XRX is 0.41 over 3 years, 0.53 over 1 year and 0.39 over 5 years.
Is XRX a good diversifier for AMS?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AMS correlations · XRX correlations
