ATR vs BALL: Correlation
AptarGroup, Inc. (ATR) and Ball Corporation (BALL) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATR and BALL?
On 3 years of weekly data the ATR/BALL correlation comes out at 0.54, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.54 over 3 years. The 5-year figure is 0.55, and annualized covariance runs at 307.0 %².
Within ATR's tracked universe of 19 assets, BALL comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BALL outperformed by 26.2 percentage points (-3.3% for ATR against +22.9% for BALL).
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 BALL: side by side
| ATR (AptarGroup, Inc.) | BALL (Ball Corporation) | |
|---|---|---|
| 1-year return | -3.3% | +22.9% |
| 5-year return | +4.9% | -29.3% |
| Volatility (ann.) | 21.0% | 26.9% |
| Beta vs S&P 500 | 0.53 | 0.43 |
| Max drawdown (3Y) | -35.2% | -35.6% |
| Market cap | $8.4B | $16.8B |
| P/E (trailing) | 24.4 | 18.4 |
| Dividend yield | 1.40% | 1.25% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ATR | BALL |
|---|---|---|
| 2022 | -8.9% | -46.2% |
| 2023 | +13.9% | +14.1% |
| 2024 | +28.6% | -3.0% |
| 2025 | -21.4% | -2.4% |
| 2026 | +10.2% | +20.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATR and BALL good diversifiers for each other?
Only partially. A correlation of 0.54 means ATR and BALL 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 ATR and BALL?
As of 2026-08-27, the correlation of weekly returns between ATR and BALL is 0.54 over 3 years, 0.69 over 1 year and 0.55 over 5 years.
Is BALL a good diversifier for ATR?
Only partially. A correlation of 0.54 means ATR and BALL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/atr-vs-ball.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atr-vs-ball/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATR correlations · BALL correlations
