AXR vs BANR: Correlation
AMREP Corporation (AXR) and Banner Corporation (BANR) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXR and BANR?
Over the past 3 years, AXR and BANR moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.39). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 548.8 %².
BANR is one of the assets that tracks AXR most closely: it ranks #2 out of the 11 assets we track against AXR. Neither side won the trailing year by much: +4.1% against +7.1%. Risk is not evenly split, since AXR carries 1.7 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.
AXR vs BANR: side by side
| AXR (AMREP Corporation) | BANR (Banner Corporation) | |
|---|---|---|
| 1-year return | +4.1% | +7.1% |
| 5-year return | +60.4% | +46.1% |
| Volatility (ann.) | 48.9% | 28.8% |
| Beta vs S&P 500 | 0.44 | 0.80 |
| Max drawdown (3Y) | -52.3% | -25.4% |
| Market cap | $0.1B | $2.4B |
| P/E (trailing) | 12.0 | 11.6 |
| Dividend yield | 0.00% | 2.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXR | BANR |
|---|---|---|
| 2022 | -24.0% | +7.2% |
| 2023 | +90.2% | -11.9% |
| 2024 | +42.9% | +29.5% |
| 2025 | -40.1% | -3.2% |
| 2026 | +22.1% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXR and BANR good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AXR and BANR?
As of 2026-08-27, the correlation of weekly returns between AXR and BANR is 0.39 over 3 years, 0.20 over 1 year and 0.28 over 5 years.
Is BANR a good diversifier for AXR?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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/axr-vs-banr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axr-vs-banr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AXR correlations · BANR correlations
