AP vs KYMR: Correlation
Ampco-Pittsburgh Corporation (AP) and Kymera Therapeutics, Inc. (KYMR) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AP and KYMR?
Across a 3-year window, the weekly returns of AP and KYMR correlate at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.42). Stretching to 5 years gives 0.34, with an annualized covariance of 2959.5 %².
Within AP's tracked universe of 14 assets, KYMR comes in at #4 by 3-year correlation. The last year tells two different stories: AP led by 48.1 percentage points, +232.6% for AP against +184.5% for KYMR.
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.
AP vs KYMR: side by side
| AP (Ampco-Pittsburgh Corporation) | KYMR (Kymera Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +232.6% | +184.5% |
| 5-year return | +90.5% | +96.7% |
| Volatility (ann.) | 94.5% | 74.1% |
| Beta vs S&P 500 | 1.63 | 2.12 |
| Max drawdown (3Y) | -77.6% | -59.8% |
| Market cap | $0.2B | $9.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AP | KYMR |
|---|---|---|
| 2022 | -49.8% | -60.7% |
| 2023 | +8.8% | +2.0% |
| 2024 | -23.4% | +58.0% |
| 2025 | +155.0% | +93.4% |
| 2026 | +72.2% | +54.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AP and KYMR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AP and KYMR?
The AP/KYMR correlation stands at 0.42 on a 3-year window (1 year: 0.28, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is KYMR a good diversifier for AP?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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/ap-vs-kymr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ap-vs-kymr/)
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Related comparisons
Hubs: AP correlations · KYMR correlations
