ASTE vs OSK: Correlation
Astec Industries, Inc. (ASTE) and Oshkosh Corporation (Holding Company) (OSK) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTE and OSK?
Over the past 3 years, ASTE and OSK moved with a correlation of 0.56, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.56 over 3 years. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 941.3 %².
In ASTE's tracked universe of 13 assets, OSK sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months OSK outperformed by 16.9 percentage points (-5.9% for ASTE against +11.0% for OSK).
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.
ASTE vs OSK: side by side
| ASTE (Astec Industries, Inc.) | OSK (Oshkosh Corporation (Holding Company)) | |
|---|---|---|
| 1-year return | -5.9% | +11.0% |
| 5-year return | -23.7% | +47.4% |
| Volatility (ann.) | 45.5% | 37.0% |
| Beta vs S&P 500 | 0.95 | 1.14 |
| Max drawdown (3Y) | -47.0% | -36.7% |
| Market cap | $1.0B | $9.7B |
| P/E (trailing) | 52.6 | 18.1 |
| Dividend yield | 1.18% | 1.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTE | OSK |
|---|---|---|
| 2022 | -40.6% | -20.5% |
| 2023 | -7.3% | +25.2% |
| 2024 | -8.4% | -10.8% |
| 2025 | +30.6% | +34.5% |
| 2026 | +2.7% | +26.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTE and OSK good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ASTE and OSK?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.69 over the last year and 0.61 over 5 years.
Is OSK a good diversifier for ASTE?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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.
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Related comparisons
Hubs: ASTE correlations · OSK correlations
