IPAR vs TOWN: Correlation
How closely do Interparfums, Inc. (IPAR) and Towne Bank (TOWN) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPAR and TOWN?
On 3 years of weekly data the IPAR/TOWN correlation comes out at 0.57, moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.57 over 3. The 5-year figure is 0.44, and annualized covariance runs at 455.2 %².
In IPAR's tracked universe of 13 assets, TOWN sits right near the top at #1. Neither side won the trailing year by much: +4.5% against +6.7%.
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.
IPAR vs TOWN: side by side
| IPAR (Interparfums, Inc.) | TOWN (Towne Bank) | |
|---|---|---|
| 1-year return | +4.5% | +6.7% |
| 5-year return | +80.2% | +47.6% |
| Volatility (ann.) | 32.0% | 25.0% |
| Beta vs S&P 500 | 0.75 | 0.77 |
| Max drawdown (3Y) | -46.4% | -18.4% |
| Market cap | $3.8B | $3.5B |
| P/E (trailing) | 22.4 | 18.0 |
| Dividend yield | 2.74% | 2.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPAR | TOWN |
|---|---|---|
| 2022 | -7.4% | +0.7% |
| 2023 | +52.0% | +0.3% |
| 2024 | -6.5% | +18.3% |
| 2025 | -33.6% | +1.0% |
| 2026 | +40.6% | +16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPAR and TOWN good diversifiers for each other?
Only partially. A correlation of 0.57 means IPAR and TOWN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IPAR and TOWN?
As of 2026-08-27, the correlation of weekly returns between IPAR and TOWN is 0.57 over 3 years, 0.62 over 1 year and 0.44 over 5 years.
Is TOWN a good diversifier for IPAR?
Only partially. A correlation of 0.57 means IPAR and TOWN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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: IPAR correlations · TOWN correlations
