AREC vs HTZ: Correlation
Measured on weekly returns over the past three years, American Resources Corporation (AREC) and Hertz Global Holdings, Inc (HTZ) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AREC and HTZ?
Across a 3-year window, the weekly returns of AREC and HTZ correlate at 0.54, moderate. The past 12 months show a weaker link (0.40) than the 3-year average (0.54). Stretching to 5 years gives 0.49, with an annualized covariance of 7773.4 %².
Few assets follow AREC as closely as HTZ, which ranks #3 of 16 tracked partners. Correlation aside, the last 12 months split them widely, with AREC ahead by 83.4 points (+18.3% versus -65.1%).
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.
AREC vs HTZ: side by side
| AREC (American Resources Corporation) | HTZ (Hertz Global Holdings, Inc) | |
|---|---|---|
| 1-year return | +18.3% | -65.1% |
| 5-year return | +18.9% | -87.9% |
| Volatility (ann.) | 141.0% | 102.2% |
| Beta vs S&P 500 | 1.27 | 1.27 |
| Max drawdown (3Y) | -78.1% | -91.2% |
| Market cap | $0.3B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AREC | HTZ |
|---|---|---|
| 2022 | -26.7% | -38.4% |
| 2023 | +12.9% | -32.5% |
| 2024 | -32.2% | -64.8% |
| 2025 | +145.5% | +40.4% |
| 2026 | +4.0% | -60.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AREC and HTZ good diversifiers for each other?
Only partially. A correlation of 0.54 means AREC and HTZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AREC and HTZ?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.40 over the last year and 0.49 over 5 years.
Is HTZ a good diversifier for AREC?
Only partially. A correlation of 0.54 means AREC and HTZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arec-vs-htz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arec-vs-htz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AREC correlations · HTZ correlations
