ANNA vs JBTM: Correlation
How closely do AleAnna, Inc. (ANNA) and JBT Marel Corporation (JBTM) 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 JBTM?
Over the past 3 years, ANNA and JBTM moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -775.0 %².
By 3-year correlation, JBTM places #81 of the 103 assets tracked against ANNA. Their recent paths diverged sharply: over the last 12 months JBTM outperformed by 16.1 percentage points (-34.3% for ANNA against -18.2% for JBTM). One caveat on sizing: ANNA is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 JBTM: side by side
| ANNA (AleAnna, Inc.) | JBTM (JBT Marel Corporation) | |
|---|---|---|
| 1-year return | -34.3% | -18.2% |
| 5-year return | -71.7% | -18.0% |
| Volatility (ann.) | 88.7% | 35.7% |
| Beta vs S&P 500 | -0.92 | 0.79 |
| Max drawdown (3Y) | -86.3% | -32.2% |
| Market cap | $0.1B | $6.1B |
| P/E (trailing) | 14.7 | 32.3 |
| Dividend yield | 0.00% | 0.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANNA | JBTM |
|---|---|---|
| 2022 | – | -40.3% |
| 2023 | +7.3% | +9.3% |
| 2024 | -37.6% | +28.3% |
| 2025 | -57.6% | +18.9% |
| 2026 | -3.0% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and JBTM 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 JBTM?
The ANNA/JBTM correlation stands at -0.24 on a 3-year window (1 year: -0.25, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is JBTM 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
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANNA correlations · JBTM correlations
