AREC vs KSCP: Correlation
How closely do American Resources Corporation (AREC) and Knightscope, Inc. (KSCP) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AREC and KSCP?
Over the past 3 years, AREC and KSCP moved with a correlation of 0.36, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.36 over 3 years. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 5682.1 %².
Within AREC's tracked universe of 16 assets, KSCP comes in at #9 by 3-year correlation. The last year tells two different stories: AREC led by 95.4 percentage points, +18.3% for AREC against -77.1% for KSCP.
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 KSCP: side by side
| AREC (American Resources Corporation) | KSCP (Knightscope, Inc.) | |
|---|---|---|
| 1-year return | +18.3% | -77.1% |
| 5-year return | +18.9% | -99.5% |
| Volatility (ann.) | 141.0% | 112.6% |
| Beta vs S&P 500 | 1.27 | 1.20 |
| Max drawdown (3Y) | -78.1% | -97.6% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AREC | KSCP |
|---|---|---|
| 2022 | -26.7% | – |
| 2023 | +12.9% | -68.3% |
| 2024 | -32.2% | -57.9% |
| 2025 | +145.5% | -70.6% |
| 2026 | +4.0% | -62.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AREC and KSCP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AREC and KSCP?
As of 2026-08-27, the correlation of weekly returns between AREC and KSCP is 0.36 over 3 years, 0.12 over 1 year and 0.23 over 5 years.
Is KSCP a good diversifier for AREC?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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/arec-vs-kscp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arec-vs-kscp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AREC correlations · KSCP correlations
