ATR vs AVY: Correlation
How closely do AptarGroup, Inc. (ATR) and Avery Dennison (AVY) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATR and AVY?
Over the past 3 years, ATR and AVY moved with a correlation of 0.58, which is moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.58 over 3. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 244.3 %².
Among the 19 assets we track against ATR, AVY ranks #7 by 3-year correlation. On 12-month performance AVY holds a 8.6-point edge, -3.3% against +5.3%.
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.
ATR vs AVY: side by side
| ATR (AptarGroup, Inc.) | AVY (Avery Dennison) | |
|---|---|---|
| 1-year return | -3.3% | +5.3% |
| 5-year return | +4.9% | -14.0% |
| Volatility (ann.) | 21.0% | 20.2% |
| Beta vs S&P 500 | 0.53 | 0.61 |
| Max drawdown (3Y) | -35.2% | -30.6% |
| Market cap | $8.4B | $13.5B |
| P/E (trailing) | 24.4 | 20.0 |
| Dividend yield | 1.40% | 2.10% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ATR | AVY |
|---|---|---|
| 2022 | -8.9% | -15.1% |
| 2023 | +13.9% | +13.7% |
| 2024 | +28.6% | -5.9% |
| 2025 | -21.4% | -0.7% |
| 2026 | +10.2% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATR and AVY good diversifiers for each other?
To a limited degree. At 0.58 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 ATR and AVY?
As of 2026-08-27, the correlation of weekly returns between ATR and AVY is 0.58 over 3 years, 0.56 over 1 year and 0.61 over 5 years.
Is AVY a good diversifier for ATR?
To a limited degree. At 0.58 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 0.58 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/atr-vs-avy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atr-vs-avy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATR correlations · AVY correlations
