ATO vs PSQH: Correlation
Atmos Energy (ATO) and PSQ Holdings, Inc. (PSQH) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATO and PSQH?
Across a 3-year window, the weekly returns of ATO and PSQH correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.20 over 3. Stretching to 5 years gives -0.06, with an annualized covariance of -323.4 %².
Within ATO's tracked universe of 32 assets, PSQH comes in at #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ATO ahead by 77.4 points (+2.9% versus -74.5%). Risk is not evenly split, since PSQH carries 6.3 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.
ATO vs PSQH: side by side
| ATO (Atmos Energy) | PSQH (PSQ Holdings, Inc.) | |
|---|---|---|
| 1-year return | +2.9% | -74.5% |
| 5-year return | +94.1% | -95.6% |
| Volatility (ann.) | 15.9% | 99.9% |
| Beta vs S&P 500 | 0.15 | 2.13 |
| Max drawdown (3Y) | -12.7% | -98.4% |
| Market cap | $28.3B | – |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 2.28% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | ATO | PSQH |
|---|---|---|
| 2022 | +9.6% | +3.1% |
| 2023 | +6.2% | -47.3% |
| 2024 | +23.4% | -13.4% |
| 2025 | +23.1% | -77.3% |
| 2026 | +1.5% | -59.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATO and PSQH good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ATO and PSQH?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.30 over the last year and -0.06 over 5 years.
Is PSQH a good diversifier for ATO?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ato-vs-psqh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ato-vs-psqh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATO correlations · PSQH correlations
