ATR vs SLGN: Correlation
AptarGroup, Inc. (ATR) and Silgan Holdings Inc. (SLGN) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATR and SLGN?
On 3 years of weekly data the ATR/SLGN correlation comes out at 0.66, strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 404.1 %².
SLGN is one of the assets that tracks ATR most closely: it ranks #2 out of the 19 assets we track against ATR. Neither side won the trailing year by much: -3.3% against -7.9%.
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 SLGN: side by side
| ATR (AptarGroup, Inc.) | SLGN (Silgan Holdings Inc.) | |
|---|---|---|
| 1-year return | -3.3% | -7.9% |
| 5-year return | +4.9% | +5.9% |
| Volatility (ann.) | 21.0% | 29.4% |
| Beta vs S&P 500 | 0.53 | 0.58 |
| Max drawdown (3Y) | -35.2% | -35.0% |
| Market cap | $8.4B | $4.4B |
| P/E (trailing) | 24.4 | 16.9 |
| Dividend yield | 1.40% | 1.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATR | SLGN |
|---|---|---|
| 2022 | -8.9% | +22.7% |
| 2023 | +13.9% | -11.3% |
| 2024 | +28.6% | +16.8% |
| 2025 | -21.4% | -21.1% |
| 2026 | +10.2% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATR and SLGN good diversifiers for each other?
To a limited degree. At 0.66 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 SLGN?
The ATR/SLGN correlation stands at 0.66 on a 3-year window (1 year: 0.72, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is SLGN a good diversifier for ATR?
To a limited degree. At 0.66 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 0.66 mean?
On the −1 to +1 scale, 0.66 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-slgn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/atr-vs-slgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATR correlations · SLGN correlations
