AMSC vs CORZ: Correlation
American Superconductor Corporation (AMSC) and Core Scientific, Inc. (CORZ) 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 AMSC and CORZ?
Over the past 3 years, AMSC and CORZ moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.51 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3497.9 %².
CORZ is one of the assets that tracks AMSC most closely: it ranks #2 out of the 13 assets we track against AMSC. Correlation aside, the last 12 months split them widely, with CORZ ahead by 66.8 points (-42.7% versus +24.1%).
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 CORZ: side by side
| AMSC (American Superconductor Corporation) | CORZ (Core Scientific, Inc.) | |
|---|---|---|
| 1-year return | -42.7% | +24.1% |
| 5-year return | +141.8% | n/a |
| Volatility (ann.) | 78.4% | 89.6% |
| Beta vs S&P 500 | 2.16 | 2.71 |
| Max drawdown (3Y) | -61.1% | -64.9% |
| Market cap | $1.4B | $5.7B |
| P/E (trailing) | 9.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMSC | CORZ |
|---|---|---|
| 2022 | -66.2% | – |
| 2023 | +202.7% | – |
| 2024 | +121.1% | – |
| 2025 | +16.8% | +3.6% |
| 2026 | +3.7% | +21.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMSC and CORZ good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMSC and CORZ?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.51 over the last year and n/a over 5 years.
Is CORZ a good diversifier for AMSC?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
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/amsc-vs-corz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amsc-vs-corz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMSC correlations · CORZ correlations
