ATI vs CRS: Correlation
How closely do ATI Inc. (ATI) and Carpenter Technology Corporation (CRS) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATI and CRS?
On 3 years of weekly data the ATI/CRS correlation comes out at 0.69, strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 1368.5 %².
Few assets follow ATI as closely as CRS, which ranks #1 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with ATI ahead by 73.3 points (+179.5% versus +106.2%).
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.
ATI vs CRS: side by side
| ATI (ATI Inc.) | CRS (Carpenter Technology Corporation) | |
|---|---|---|
| 1-year return | +179.5% | +106.2% |
| 5-year return | +1095.8% | +1445.7% |
| Volatility (ann.) | 43.3% | 46.1% |
| Beta vs S&P 500 | 1.59 | 1.32 |
| Max drawdown (3Y) | -38.0% | -28.7% |
| Market cap | $29.2B | $24.3B |
| P/E (trailing) | 62.5 | 46.1 |
| Dividend yield | 0.00% | 0.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATI | CRS |
|---|---|---|
| 2022 | +87.4% | +29.5% |
| 2023 | +52.3% | +94.5% |
| 2024 | +21.0% | +141.7% |
| 2025 | +108.5% | +86.2% |
| 2026 | +86.9% | +56.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATI and CRS good diversifiers for each other?
Only partially. A correlation of 0.69 means ATI and CRS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ATI and CRS?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.72 over the last year and 0.66 over 5 years.
Is CRS a good diversifier for ATI?
Only partially. A correlation of 0.69 means ATI and CRS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
A reading of 0.69 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/ati-vs-crs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ati-vs-crs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATI correlations · CRS correlations
