EAF vs IMKTA: Correlation
Measured on weekly returns over the past three years, GrafTech International Ltd. (EAF) and Ingles Markets, Incorporated (IMKTA) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EAF and IMKTA?
Over the past 3 years, EAF and IMKTA moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.24). Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -568.8 %².
Out of 12 assets tracked against EAF, IMKTA lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with IMKTA ahead by 47.8 points (-25.3% versus +22.5%). Note the risk asymmetry: EAF runs 3.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EAF vs IMKTA: side by side
| EAF (GrafTech International Ltd.) | IMKTA (Ingles Markets, Incorporated) | |
|---|---|---|
| 1-year return | -25.3% | +22.5% |
| 5-year return | -93.3% | +28.3% |
| Volatility (ann.) | 96.0% | 24.9% |
| Beta vs S&P 500 | 1.47 | 0.17 |
| Max drawdown (3Y) | -86.7% | -32.0% |
| Market cap | $0.2B | $1.6B |
| P/E (trailing) | – | 15.2 |
| Dividend yield | 0.00% | 0.79% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EAF | IMKTA |
|---|---|---|
| 2022 | -59.5% | +12.6% |
| 2023 | -53.8% | -9.8% |
| 2024 | -21.0% | -24.7% |
| 2025 | -10.3% | +7.4% |
| 2026 | -52.1% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EAF and IMKTA good diversifiers for each other?
Yes. With a correlation of -0.24, EAF and IMKTA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EAF and IMKTA?
As of 2026-08-27, the correlation of weekly returns between EAF and IMKTA is -0.24 over 3 years, -0.43 over 1 year and -0.08 over 5 years.
Is IMKTA a good diversifier for EAF?
Yes. With a correlation of -0.24, EAF and IMKTA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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.
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Related comparisons
Hubs: EAF correlations · IMKTA correlations
