DBD vs TKR: Correlation
How closely do Diebold Nixdorf Incorporated (DBD) and Timken Company (The) (TKR) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBD and TKR?
On 3 years of weekly data the DBD/TKR correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.49 over 3. The 5-year figure is n/a, and annualized covariance runs at 520.1 %².
Among the 12 assets we track against DBD, TKR ranks #4 by 3-year correlation. The last year tells two different stories: TKR led by 52.4 percentage points, +7.4% for DBD 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.
DBD vs TKR: side by side
| DBD (Diebold Nixdorf Incorporated) | TKR (Timken Company (The)) | |
|---|---|---|
| 1-year return | +7.4% | +59.8% |
| 5-year return | n/a | +80.3% |
| Volatility (ann.) | 38.5% | 27.4% |
| Beta vs S&P 500 | 1.07 | 0.98 |
| Max drawdown (3Y) | -25.8% | -37.6% |
| Market cap | $2.3B | $8.6B |
| P/E (trailing) | 22.4 | 33.7 |
| Dividend yield | 0.00% | 1.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBD | TKR |
|---|---|---|
| 2022 | – | +3.9% |
| 2023 | – | +15.4% |
| 2024 | +48.7% | -9.5% |
| 2025 | +57.7% | +20.0% |
| 2026 | -0.3% | +49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBD and TKR good diversifiers for each other?
Reasonably. At 0.49, DBD and TKR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DBD and TKR?
As of 2026-08-27, the correlation of weekly returns between DBD and TKR is 0.49 over 3 years, 0.52 over 1 year and n/a over 5 years.
Is TKR a good diversifier for DBD?
Reasonably. At 0.49, DBD and TKR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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/dbd-vs-tkr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dbd-vs-tkr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DBD correlations · TKR correlations
