ATS vs ROK: Correlation
Measured on weekly returns over the past three years, ATS Corporation (ATS) and Rockwell Automation (ROK) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATS and ROK?
Across a 3-year window, the weekly returns of ATS and ROK correlate at 0.46, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.46). Stretching to 5 years gives 0.47, with an annualized covariance of 486.1 %².
Few assets follow ATS as closely as ROK, which ranks #2 of 10 tracked partners. The last year tells two different stories: ROK led by 54.2 percentage points, -28.5% for ATS against +25.7% for ROK.
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.
ATS vs ROK: side by side
| ATS (ATS Corporation) | ROK (Rockwell Automation) | |
|---|---|---|
| 1-year return | -28.5% | +25.7% |
| 5-year return | -46.0% | +44.9% |
| Volatility (ann.) | 38.0% | 27.9% |
| Beta vs S&P 500 | 1.06 | 0.97 |
| Max drawdown (3Y) | -57.3% | -29.0% |
| Market cap | $1.9B | $48.2B |
| P/E (trailing) | 57.1 | 40.6 |
| Dividend yield | 0.00% | 1.26% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ATS | ROK |
|---|---|---|
| 2022 | -22.1% | -24.8% |
| 2023 | +39.2% | +22.6% |
| 2024 | -29.2% | -6.2% |
| 2025 | -9.6% | +38.4% |
| 2026 | -29.5% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATS and ROK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATS and ROK?
As of 2026-08-27, the correlation of weekly returns between ATS and ROK is 0.46 over 3 years, 0.57 over 1 year and 0.47 over 5 years.
Is ROK a good diversifier for ATS?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/ats-vs-rok.json
Embed this badge (it refreshes with the data), with attribution:
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATS correlations · ROK correlations
