AXP vs PRM: Correlation
Measured on weekly returns over the past three years, American Express (AXP) and Perimeter Solutions, SA (PRM) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXP and PRM?
Over the past 3 years, AXP and PRM moved with a correlation of 0.47, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.47 over 3. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 613.5 %².
By 3-year correlation, PRM places #25 of the 35 assets tracked against AXP. The last year tells two different stories: PRM led by 42.2 percentage points, +4.7% for AXP against +46.9% for PRM. Risk is not evenly split, since PRM carries 1.8 times the volatility of the other side.
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.
AXP vs PRM: side by side
| AXP (American Express) | PRM (Perimeter Solutions, SA) | |
|---|---|---|
| 1-year return | +4.7% | +46.9% |
| 5-year return | +116.2% | +166.9% |
| Volatility (ann.) | 26.6% | 49.1% |
| Beta vs S&P 500 | 1.20 | 1.44 |
| Max drawdown (3Y) | -28.8% | -51.3% |
| Market cap | $225.7B | $5.2B |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 1.05% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AXP | PRM |
|---|---|---|
| 2022 | -8.5% | -34.2% |
| 2023 | +28.7% | -49.7% |
| 2024 | +60.3% | +177.8% |
| 2025 | +26.0% | +115.4% |
| 2026 | -8.9% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXP and PRM good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AXP and PRM?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.40 over the last year and 0.43 over 5 years.
Is PRM a good diversifier for AXP?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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/axp-vs-prm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axp-vs-prm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXP correlations · PRM correlations
