ANNA vs SWK: Correlation
How closely do AleAnna, Inc. (ANNA) and Stanley Black & Decker (SWK) 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 SWK?
Over the past 3 years, ANNA and SWK moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.24). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -757.5 %².
Within ANNA's tracked universe of 103 assets, SWK comes in at #85 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SWK ahead by 71.3 points (-34.3% versus +37.0%). Note the risk asymmetry: ANNA runs 2.5 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 SWK: side by side
| ANNA (AleAnna, Inc.) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | -34.3% | +37.0% |
| 5-year return | -71.7% | -39.1% |
| Volatility (ann.) | 88.7% | 35.4% |
| Beta vs S&P 500 | -0.92 | 1.19 |
| Max drawdown (3Y) | -86.3% | -48.3% |
| Market cap | $0.1B | $15.0B |
| P/E (trailing) | 14.7 | 24.4 |
| Dividend yield | 0.00% | 3.33% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ANNA | SWK |
|---|---|---|
| 2022 | – | -58.9% |
| 2023 | +7.3% | +35.6% |
| 2024 | -37.6% | -15.2% |
| 2025 | -57.6% | -3.2% |
| 2026 | -3.0% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and SWK 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 SWK?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.35 over the last year and -0.19 over 5 years.
Is SWK 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-swk.json
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[](https://www.pairbook.io/pair/anna-vs-swk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANNA correlations · SWK correlations
