AMSC vs CHKP: Correlation
How closely do American Superconductor Corporation (AMSC) and Check Point Software Technologies Ltd. (CHKP) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMSC and CHKP?
Over the past 3 years, AMSC and CHKP moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.23 over 3 years. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -518.7 %².
Out of 13 assets tracked against AMSC, CHKP lands near the bottom at #10. On 12-month performance CHKP holds a 12.6-point edge, -42.7% against -30.1%. Risk is not evenly split, since AMSC carries 2.7 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.
AMSC vs CHKP: side by side
| AMSC (American Superconductor Corporation) | CHKP (Check Point Software Technologies Ltd.) | |
|---|---|---|
| 1-year return | -42.7% | -30.1% |
| 5-year return | +141.8% | +5.2% |
| Volatility (ann.) | 78.4% | 29.0% |
| Beta vs S&P 500 | 2.16 | 0.41 |
| Max drawdown (3Y) | -61.1% | -51.8% |
| Market cap | $1.4B | $13.6B |
| P/E (trailing) | 9.6 | 13.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMSC | CHKP |
|---|---|---|
| 2022 | -66.2% | +8.2% |
| 2023 | +202.7% | +21.1% |
| 2024 | +121.1% | +22.2% |
| 2025 | +16.8% | -0.6% |
| 2026 | +3.7% | -28.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMSC and CHKP good diversifiers for each other?
Yes. With a correlation of -0.23, AMSC and CHKP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMSC and CHKP?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.37 over the last year and -0.06 over 5 years.
Is CHKP a good diversifier for AMSC?
Yes. With a correlation of -0.23, AMSC and CHKP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/amsc-vs-chkp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amsc-vs-chkp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMSC correlations · CHKP correlations
