ANNA vs AVY: Correlation
How closely do AleAnna, Inc. (ANNA) and Avery Dennison (AVY) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and AVY?
Across a 3-year window, the weekly returns of ANNA and AVY correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.24). Stretching to 5 years gives -0.18, with an annualized covariance of -433.6 %².
Within ANNA's tracked universe of 103 assets, AVY comes in at #77 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AVY ahead by 39.6 points (-34.3% versus +5.3%). Risk is not evenly split, since ANNA carries 4.4 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.
ANNA vs AVY: side by side
| ANNA (AleAnna, Inc.) | AVY (Avery Dennison) | |
|---|---|---|
| 1-year return | -34.3% | +5.3% |
| 5-year return | -71.7% | -14.0% |
| Volatility (ann.) | 88.7% | 20.2% |
| Beta vs S&P 500 | -0.92 | 0.61 |
| Max drawdown (3Y) | -86.3% | -30.6% |
| Market cap | $0.1B | $13.5B |
| P/E (trailing) | 14.7 | 20.0 |
| Dividend yield | 0.00% | 2.10% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ANNA | AVY |
|---|---|---|
| 2022 | – | -15.1% |
| 2023 | +7.3% | +13.7% |
| 2024 | -37.6% | -5.9% |
| 2025 | -57.6% | -0.7% |
| 2026 | -3.0% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and AVY good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANNA and AVY?
As of 2026-08-27, the correlation of weekly returns between ANNA and AVY is -0.24 over 3 years, -0.43 over 1 year and -0.18 over 5 years.
Is AVY a good diversifier for ANNA?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/anna-vs-avy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anna-vs-avy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANNA correlations · AVY correlations
