ANNA vs BALL: Correlation
AleAnna, Inc. (ANNA) and Ball Corporation (BALL) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and BALL?
Over the past 3 years, ANNA and BALL moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.22 over 3 years. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -525.5 %².
By 3-year correlation, BALL places #64 of the 103 assets tracked against ANNA. Correlation aside, the last 12 months split them widely, with BALL ahead by 57.2 points (-34.3% versus +22.9%). Risk is not evenly split, since ANNA carries 3.3 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 BALL: side by side
| ANNA (AleAnna, Inc.) | BALL (Ball Corporation) | |
|---|---|---|
| 1-year return | -34.3% | +22.9% |
| 5-year return | -71.7% | -29.3% |
| Volatility (ann.) | 88.7% | 26.9% |
| Beta vs S&P 500 | -0.92 | 0.43 |
| Max drawdown (3Y) | -86.3% | -35.6% |
| Market cap | $0.1B | $16.8B |
| P/E (trailing) | 14.7 | 18.4 |
| Dividend yield | 0.00% | 1.25% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ANNA | BALL |
|---|---|---|
| 2022 | – | -46.2% |
| 2023 | +7.3% | +14.1% |
| 2024 | -37.6% | -3.0% |
| 2025 | -57.6% | -2.4% |
| 2026 | -3.0% | +20.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and BALL good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANNA and BALL?
As of 2026-08-27, the correlation of weekly returns between ANNA and BALL is -0.22 over 3 years, -0.39 over 1 year and -0.15 over 5 years.
Is BALL a good diversifier for ANNA?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/anna-vs-ball.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANNA correlations · BALL correlations
