ATS vs TKR: Correlation
Measured on weekly returns over the past three years, ATS Corporation (ATS) and Timken Company (The) (TKR) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATS and TKR?
Over the past 3 years, ATS and TKR moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 497.9 %².
In ATS's tracked universe of 10 assets, TKR sits right near the top at #1. The last year tells two different stories: TKR led by 88.3 percentage points, -28.5% for ATS against +59.8% for TKR.
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 TKR: side by side
| ATS (ATS Corporation) | TKR (Timken Company (The)) | |
|---|---|---|
| 1-year return | -28.5% | +59.8% |
| 5-year return | -46.0% | +80.3% |
| Volatility (ann.) | 38.0% | 27.4% |
| Beta vs S&P 500 | 1.06 | 0.98 |
| Max drawdown (3Y) | -57.3% | -37.6% |
| Market cap | $1.9B | $8.6B |
| P/E (trailing) | 57.1 | 33.7 |
| Dividend yield | 0.00% | 1.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATS | TKR |
|---|---|---|
| 2022 | -22.1% | +3.9% |
| 2023 | +39.2% | +15.4% |
| 2024 | -29.2% | -9.5% |
| 2025 | -9.6% | +20.0% |
| 2026 | -29.5% | +49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATS and TKR good diversifiers for each other?
Reasonably. At 0.48, ATS and TKR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATS and TKR?
The ATS/TKR correlation stands at 0.48 on a 3-year window (1 year: 0.45, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is TKR a good diversifier for ATS?
Reasonably. At 0.48, ATS and TKR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ats-vs-tkr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ats-vs-tkr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATS correlations · TKR correlations
