ARKR vs ED: Correlation
How closely do Ark Restaurants Corp. (ARKR) and Consolidated Edison (ED) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKR and ED?
Over the past 3 years, ARKR and ED moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -183.5 %².
ED is close to the least connected end of ARKR's tracked universe, ranking #11 of 14. Correlation aside, the last 12 months split them widely, with ED ahead by 33.0 points (-22.8% versus +10.2%). Risk is not evenly split, since ARKR carries 3.1 times the volatility of the other side.
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.
ARKR vs ED: side by side
| ARKR (Ark Restaurants Corp.) | ED (Consolidated Edison) | |
|---|---|---|
| 1-year return | -22.8% | +10.2% |
| 5-year return | -64.1% | +67.5% |
| Volatility (ann.) | 50.4% | 16.5% |
| Beta vs S&P 500 | 0.34 | -0.21 |
| Max drawdown (3Y) | -70.3% | -17.4% |
| Market cap | – | $39.5B |
| P/E (trailing) | – | 17.5 |
| Dividend yield | 0.00% | 3.22% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | ARKR | ED |
|---|---|---|
| 2022 | +0.4% | +15.7% |
| 2023 | -11.5% | -1.1% |
| 2024 | -19.8% | +1.5% |
| 2025 | -39.0% | +15.1% |
| 2026 | -21.3% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKR and ED good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between ARKR and ED?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.26 over the last year and -0.13 over 5 years.
Is ED a good diversifier for ARKR?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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/arkr-vs-ed.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkr-vs-ed/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKR correlations · ED correlations
