ARL vs IPAR: Correlation
How closely do American Realty Investors, Inc. (ARL) and Interparfums, Inc. (IPAR) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARL and IPAR?
Over the past 3 years, ARL and IPAR moved with a correlation of 0.43, which is moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.43). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 717.9 %².
Few assets follow ARL as closely as IPAR, which ranks #2 of 10 tracked partners. The trailing year gives IPAR the advantage: -2.8% versus +4.5%, a 7.3-point spread. Note the risk asymmetry: ARL runs 1.6 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.
ARL vs IPAR: side by side
| ARL (American Realty Investors, Inc.) | IPAR (Interparfums, Inc.) | |
|---|---|---|
| 1-year return | -2.8% | +4.5% |
| 5-year return | +36.2% | +80.2% |
| Volatility (ann.) | 52.7% | 32.0% |
| Beta vs S&P 500 | 0.99 | 0.75 |
| Max drawdown (3Y) | -57.8% | -46.4% |
| Market cap | – | $3.8B |
| P/E (trailing) | 29.4 | 22.4 |
| Dividend yield | 0.00% | 2.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARL | IPAR |
|---|---|---|
| 2022 | +102.8% | -7.4% |
| 2023 | -32.1% | +52.0% |
| 2024 | -15.7% | -6.5% |
| 2025 | +9.4% | -33.6% |
| 2026 | -6.6% | +40.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARL and IPAR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARL and IPAR?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.26 over the last year and 0.21 over 5 years.
Is IPAR a good diversifier for ARL?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arl-vs-ipar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arl-vs-ipar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARL correlations · IPAR correlations
