AS vs PTON: Correlation
How closely do Amer Sports, Inc. (AS) and Peloton Interactive, Inc. (PTON) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AS and PTON?
Across a 3-year window, the weekly returns of AS and PTON correlate at 0.46, moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.46). Stretching to 5 years gives n/a, with an annualized covariance of 1567.8 %².
PTON is one of the assets that tracks AS most closely: it ranks #3 out of the 10 assets we track against AS. Over the last 12 months AS came out ahead by 5.3 percentage points (-25.7% against -31.0%). Risk is not evenly split, since PTON carries 1.5 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.
AS vs PTON: side by side
| AS (Amer Sports, Inc.) | PTON (Peloton Interactive, Inc.) | |
|---|---|---|
| 1-year return | -25.7% | -31.0% |
| 5-year return | n/a | -94.8% |
| Volatility (ann.) | 48.0% | 74.3% |
| Beta vs S&P 500 | 1.18 | 2.10 |
| Max drawdown (3Y) | -40.7% | -64.9% |
| Market cap | – | $2.3B |
| P/E (trailing) | 31.8 | 37.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AS | PTON |
|---|---|---|
| 2022 | – | -77.8% |
| 2023 | – | -23.3% |
| 2024 | – | +42.9% |
| 2025 | +33.6% | -29.2% |
| 2026 | -18.3% | -14.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AS and PTON good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AS and PTON?
The AS/PTON correlation stands at 0.46 on a 3-year window (1 year: 0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PTON a good diversifier for AS?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/as-vs-pton.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/as-vs-pton/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AS correlations · PTON correlations
