AVNT vs PKOH: Correlation
Measured on weekly returns over the past three years, Avient Corporation (AVNT) and Park-Ohio Holdings Corp. (PKOH) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and PKOH?
On 3 years of weekly data the AVNT/PKOH correlation comes out at 0.63, strong. Lately the two have moved closer together, with the 1-year correlation at 0.77 versus 0.63 over 3 years. The 5-year figure is 0.44, and annualized covariance runs at 1020.7 %².
Within AVNT's tracked universe of 35 assets, PKOH comes in at #14 by 3-year correlation. The last year tells two different stories: PKOH led by 124.3 percentage points, +21.7% for AVNT against +146.0% for PKOH.
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.
AVNT vs PKOH: side by side
| AVNT (Avient Corporation) | PKOH (Park-Ohio Holdings Corp.) | |
|---|---|---|
| 1-year return | +21.7% | +146.0% |
| 5-year return | -3.6% | +101.4% |
| Volatility (ann.) | 36.9% | 43.9% |
| Beta vs S&P 500 | 1.33 | 1.33 |
| Max drawdown (3Y) | -46.9% | -52.5% |
| Market cap | $4.1B | $0.7B |
| P/E (trailing) | 23.9 | 24.6 |
| Dividend yield | 2.45% | 1.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | PKOH |
|---|---|---|
| 2022 | -38.2% | -40.3% |
| 2023 | +26.4% | +127.1% |
| 2024 | +0.6% | -0.8% |
| 2025 | -21.2% | -18.3% |
| 2026 | +43.9% | +129.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and PKOH good diversifiers for each other?
To a limited degree. At 0.63 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 AVNT and PKOH?
As of 2026-08-27, the correlation of weekly returns between AVNT and PKOH is 0.63 over 3 years, 0.77 over 1 year and 0.44 over 5 years.
Is PKOH a good diversifier for AVNT?
To a limited degree. At 0.63 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 0.63 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/avnt-vs-pkoh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avnt-vs-pkoh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVNT correlations · PKOH correlations
