IPGP vs VAL: Correlation
How closely do IPG Photonics Corporation (IPGP) and Valaris Limited (VAL) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPGP and VAL?
On 3 years of weekly data the IPGP/VAL correlation comes out at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 1404.5 %².
By 3-year correlation, VAL places #5 of the 18 assets tracked against IPGP. The last year tells two different stories: VAL led by 80.9 percentage points, -7.6% for IPGP against +73.3% for VAL.
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.
IPGP vs VAL: side by side
| IPGP (IPG Photonics Corporation) | VAL (Valaris Limited) | |
|---|---|---|
| 1-year return | -7.6% | +73.3% |
| 5-year return | -55.1% | +200.2% |
| Volatility (ann.) | 48.0% | 52.9% |
| Beta vs S&P 500 | 1.24 | 0.77 |
| Max drawdown (3Y) | -55.1% | -63.8% |
| Market cap | $3.3B | $5.9B |
| P/E (trailing) | 113.6 | 6.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPGP | VAL |
|---|---|---|
| 2022 | -45.0% | +87.8% |
| 2023 | +14.7% | +1.4% |
| 2024 | -33.0% | -35.5% |
| 2025 | -1.5% | +13.9% |
| 2026 | +7.9% | +69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPGP and VAL good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between IPGP and VAL?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.58 over the last year and 0.37 over 5 years.
Is VAL a good diversifier for IPGP?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ipgp-vs-val.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ipgp-vs-val/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IPGP correlations · VAL correlations
