BRC vs PAM: Correlation
Measured on weekly returns over the past three years, Brady Corporation (BRC) and Pampa Energia S.A. (PAM) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRC and PAM?
Across a 3-year window, the weekly returns of BRC and PAM correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Stretching to 5 years gives -0.06, with an annualized covariance of -275.0 %².
PAM is close to the least connected end of BRC's tracked universe, ranking #11 of 14. Neither side won the trailing year by much: +22.1% against +22.4%. Risk is not evenly split, since PAM 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.
BRC vs PAM: side by side
| BRC (Brady Corporation) | PAM (Pampa Energia S.A.) | |
|---|---|---|
| 1-year return | +22.1% | +22.4% |
| 5-year return | +91.6% | +339.3% |
| Volatility (ann.) | 26.5% | 45.3% |
| Beta vs S&P 500 | 0.43 | 0.38 |
| Max drawdown (3Y) | -26.1% | -40.4% |
| Market cap | – | $4.3B |
| P/E (trailing) | 21.4 | 7.3 |
| Dividend yield | 1.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRC | PAM |
|---|---|---|
| 2022 | -10.9% | +51.3% |
| 2023 | +26.9% | +55.0% |
| 2024 | +27.7% | +77.6% |
| 2025 | +7.6% | +0.6% |
| 2026 | +20.3% | -8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRC and PAM good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRC and PAM?
The BRC/PAM correlation stands at -0.23 on a 3-year window (1 year: -0.28, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is PAM a good diversifier for BRC?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brc-vs-pam.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brc-vs-pam/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRC correlations · PAM correlations
