ATKR vs GFS: Correlation
How closely do Atkore Inc. (ATKR) and GlobalFoundries Inc. (GFS) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATKR and GFS?
Across a 3-year window, the weekly returns of ATKR and GFS correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.53, with an annualized covariance of 1137.0 %².
Within ATKR's tracked universe of 13 assets, GFS comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ATKR ahead by 23.3 points (+59.9% versus +36.6%).
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.
ATKR vs GFS: side by side
| ATKR (Atkore Inc.) | GFS (GlobalFoundries Inc.) | |
|---|---|---|
| 1-year return | +59.9% | +36.6% |
| 5-year return | +5.7% | +0.0% |
| Volatility (ann.) | 46.4% | 44.9% |
| Beta vs S&P 500 | 1.37 | 1.69 |
| Max drawdown (3Y) | -72.8% | -51.2% |
| Market cap | $3.2B | $25.4B |
| P/E (trailing) | – | 35.6 |
| Dividend yield | 1.41% | 0.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATKR | GFS |
|---|---|---|
| 2022 | +2.0% | -17.1% |
| 2023 | +41.1% | +12.5% |
| 2024 | -47.3% | -29.2% |
| 2025 | -22.7% | -18.6% |
| 2026 | +50.0% | +32.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATKR and GFS good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ATKR and GFS?
The ATKR/GFS correlation stands at 0.55 on a 3-year window (1 year: 0.47, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is GFS a good diversifier for ATKR?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/atkr-vs-gfs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atkr-vs-gfs/)
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Related comparisons
Hubs: ATKR correlations · GFS correlations
