APOG vs IDAI: Correlation
How closely do Apogee Enterprises, Inc. (APOG) and T Stamp Inc. (IDAI) trade together? Their weekly returns over three years give a correlation of -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APOG and IDAI?
Across a 3-year window, the weekly returns of APOG and IDAI correlate at -0.39, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.39 over 3. Stretching to 5 years gives -0.29, with an annualized covariance of -8140.8 %².
Among the 15 assets we track against APOG, IDAI sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with IDAI ahead by 21.2 points (-5.7% versus +15.5%). Note the risk asymmetry: IDAI runs 12.2 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.
APOG vs IDAI: side by side
| APOG (Apogee Enterprises, Inc.) | IDAI (T Stamp Inc.) | |
|---|---|---|
| 1-year return | -5.7% | +15.5% |
| 5-year return | +5.1% | -76.5% |
| Volatility (ann.) | 41.4% | 505.7% |
| Beta vs S&P 500 | 0.88 | -1.01 |
| Max drawdown (3Y) | -62.5% | -92.9% |
| Market cap | $0.8B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 2.59% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APOG | IDAI |
|---|---|---|
| 2022 | -5.7% | -88.0% |
| 2023 | +22.8% | -43.0% |
| 2024 | +35.8% | -35.5% |
| 2025 | -47.8% | +342.8% |
| 2026 | +14.0% | -14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APOG and IDAI good diversifiers for each other?
Yes. With a correlation of -0.39, APOG and IDAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APOG and IDAI?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.30 over the last year and -0.29 over 5 years.
Is IDAI a good diversifier for APOG?
Yes. With a correlation of -0.39, APOG and IDAI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
A reading of -0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: APOG correlations · IDAI correlations
