IMKTA vs PW: Correlation
How closely do Ingles Markets, Incorporated (IMKTA) and Power REIT (MD) (PW) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMKTA and PW?
On 3 years of weekly data the IMKTA/PW correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.24). The 5-year figure is -0.10, and annualized covariance runs at -752.9 %².
PW is close to the least connected end of IMKTA's tracked universe, ranking #10 of 13. The last year tells two different stories: IMKTA led by 75.3 percentage points, +22.5% for IMKTA against -52.8% for PW. One caveat on sizing: PW is 5.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IMKTA vs PW: side by side
| IMKTA (Ingles Markets, Incorporated) | PW (Power REIT (MD)) | |
|---|---|---|
| 1-year return | +22.5% | -52.8% |
| 5-year return | +28.3% | -98.2% |
| Volatility (ann.) | 24.9% | 123.7% |
| Beta vs S&P 500 | 0.17 | 0.51 |
| Max drawdown (3Y) | -32.0% | -79.8% |
| Market cap | $1.6B | – |
| P/E (trailing) | 15.2 | – |
| Dividend yield | 0.79% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMKTA | PW |
|---|---|---|
| 2022 | +12.6% | -94.3% |
| 2023 | -9.8% | -83.5% |
| 2024 | -24.7% | +104.6% |
| 2025 | +7.4% | -33.8% |
| 2026 | +20.7% | -12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMKTA and PW good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between IMKTA and PW?
As of 2026-08-27, the correlation of weekly returns between IMKTA and PW is -0.24 over 3 years, -0.04 over 1 year and -0.10 over 5 years.
Is PW a good diversifier for IMKTA?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IMKTA correlations · PW correlations
