ANNA vs CMI: Correlation
Measured on weekly returns over the past three years, AleAnna, Inc. (ANNA) and Cummins (CMI) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and CMI?
Over the past 3 years, ANNA and CMI moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.18). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -415.1 %².
Within ANNA's tracked universe of 103 assets, CMI comes in at #38 by 3-year correlation. The last year tells two different stories: CMI led by 79.4 percentage points, -34.3% for ANNA against +45.1% for CMI. Note the risk asymmetry: ANNA runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 CMI: side by side
| ANNA (AleAnna, Inc.) | CMI (Cummins) | |
|---|---|---|
| 1-year return | -34.3% | +45.1% |
| 5-year return | -71.7% | +169.6% |
| Volatility (ann.) | 88.7% | 25.9% |
| Beta vs S&P 500 | -0.92 | 1.05 |
| Max drawdown (3Y) | -86.3% | -30.5% |
| Market cap | $0.1B | $79.0B |
| P/E (trailing) | 14.7 | 29.6 |
| Dividend yield | 0.00% | 1.38% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ANNA | CMI |
|---|---|---|
| 2022 | – | +14.1% |
| 2023 | +7.3% | +1.7% |
| 2024 | -37.6% | +48.9% |
| 2025 | -57.6% | +49.4% |
| 2026 | -3.0% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and CMI good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and CMI?
The ANNA/CMI correlation stands at -0.18 on a 3-year window (1 year: -0.34, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is CMI a good diversifier for ANNA?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/anna-vs-cmi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anna-vs-cmi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANNA correlations · CMI correlations
