ANNA vs MCHP: Correlation
Measured on weekly returns over the past three years, AleAnna, Inc. (ANNA) and Microchip Technology (MCHP) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and MCHP?
On 3 years of weekly data the ANNA/MCHP correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. The 5-year figure is -0.15, and annualized covariance runs at -720.1 %².
Among the 103 assets we track against ANNA, MCHP ranks #31 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MCHP ahead by 50.5 points (-34.3% versus +16.2%). One caveat on sizing: ANNA is 1.9 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 MCHP: side by side
| ANNA (AleAnna, Inc.) | MCHP (Microchip Technology) | |
|---|---|---|
| 1-year return | -34.3% | +16.2% |
| 5-year return | -71.7% | +5.9% |
| Volatility (ann.) | 88.7% | 46.7% |
| Beta vs S&P 500 | -0.92 | 1.97 |
| Max drawdown (3Y) | -86.3% | -63.8% |
| Market cap | $0.1B | $41.0B |
| P/E (trailing) | 14.7 | 109.4 |
| Dividend yield | 0.00% | 2.46% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ANNA | MCHP |
|---|---|---|
| 2022 | – | -18.0% |
| 2023 | +7.3% | +30.9% |
| 2024 | -37.6% | -35.0% |
| 2025 | -57.6% | +14.6% |
| 2026 | -3.0% | +20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and MCHP good diversifiers for each other?
Yes. With a correlation of -0.17, ANNA and MCHP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANNA and MCHP?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.23 over the last year and -0.15 over 5 years.
Is MCHP a good diversifier for ANNA?
Yes. With a correlation of -0.17, ANNA and MCHP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 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-mchp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anna-vs-mchp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANNA correlations · MCHP correlations
