ITRI vs KODK: Correlation
Measured on weekly returns over the past three years, Itron, Inc. (ITRI) and Eastman Kodak Company Common New (KODK) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITRI and KODK?
On 3 years of weekly data the ITRI/KODK correlation comes out at 0.44, moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.44). The 5-year figure is 0.36, and annualized covariance runs at 1172.0 %².
Within ITRI's tracked universe of 21 assets, KODK comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KODK ahead by 81.5 points (-19.9% versus +61.6%). One caveat on sizing: KODK is 1.7 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.
ITRI vs KODK: side by side
| ITRI (Itron, Inc.) | KODK (Eastman Kodak Company Common New) | |
|---|---|---|
| 1-year return | -19.9% | +61.6% |
| 5-year return | +17.0% | +31.0% |
| Volatility (ann.) | 38.9% | 68.0% |
| Beta vs S&P 500 | 1.14 | 1.59 |
| Max drawdown (3Y) | -43.6% | -47.2% |
| Market cap | $4.3B | $0.9B |
| P/E (trailing) | 16.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITRI | KODK |
|---|---|---|
| 2022 | -26.1% | -34.8% |
| 2023 | +49.1% | +27.9% |
| 2024 | +43.8% | +68.5% |
| 2025 | -14.5% | +28.8% |
| 2026 | +6.9% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITRI and KODK good diversifiers for each other?
Reasonably. At 0.44, ITRI and KODK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ITRI and KODK?
The ITRI/KODK correlation stands at 0.44 on a 3-year window (1 year: 0.26, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is KODK a good diversifier for ITRI?
Reasonably. At 0.44, ITRI and KODK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/itri-vs-kodk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/itri-vs-kodk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITRI correlations · KODK correlations
