APTV vs MOV: Correlation
How closely do Aptiv (APTV) and Movado Group Inc. (MOV) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APTV and MOV?
Across a 3-year window, the weekly returns of APTV and MOV correlate at 0.47, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.47 over 3 years. Stretching to 5 years gives 0.44, with an annualized covariance of 685.2 %².
Among the 33 assets we track against APTV, MOV ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MOV ahead by 152.4 points (-43.2% versus +109.2%).
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.
APTV vs MOV: side by side
| APTV (Aptiv) | MOV (Movado Group Inc.) | |
|---|---|---|
| 1-year return | -43.2% | +109.2% |
| 5-year return | -70.3% | +29.6% |
| Volatility (ann.) | 37.7% | 39.1% |
| Beta vs S&P 500 | 0.76 | 1.15 |
| Max drawdown (3Y) | -56.5% | -55.1% |
| Market cap | $9.4B | $0.8B |
| P/E (trailing) | 20.9 | 19.4 |
| Dividend yield | 0.00% | 2.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | APTV | MOV |
|---|---|---|
| 2022 | -43.5% | -19.7% |
| 2023 | -3.7% | +2.0% |
| 2024 | -32.6% | -30.6% |
| 2025 | +25.8% | +13.9% |
| 2026 | -40.3% | +71.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APTV and MOV good diversifiers for each other?
Reasonably. At 0.47, APTV and MOV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APTV and MOV?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.59 over the last year and 0.44 over 5 years.
Is MOV a good diversifier for APTV?
Reasonably. At 0.47, APTV and MOV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/aptv-vs-mov.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aptv-vs-mov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APTV correlations · MOV correlations
