METC vs STE: Correlation
Ramaco Resources, Inc. (METC) and Steris (STE) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are METC and STE?
Over the past 3 years, METC and STE moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.19 over 3. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -361.1 %².
STE is close to the least connected end of METC's tracked universe, ranking #10 of 13. Correlation aside, the last 12 months split them widely, with STE ahead by 39.4 points (-45.1% versus -5.7%). Risk is not evenly split, since METC carries 3.9 times the volatility of the other side.
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.
METC vs STE: side by side
| METC (Ramaco Resources, Inc.) | STE (Steris) | |
|---|---|---|
| 1-year return | -45.1% | -5.7% |
| 5-year return | +83.2% | +13.6% |
| Volatility (ann.) | 86.1% | 22.3% |
| Beta vs S&P 500 | 1.13 | 0.43 |
| Max drawdown (3Y) | -83.7% | -25.4% |
| Market cap | $0.9B | $22.7B |
| P/E (trailing) | – | 28.5 |
| Dividend yield | 0.00% | 1.06% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | METC | STE |
|---|---|---|
| 2022 | -33.0% | -23.4% |
| 2023 | +105.9% | +20.2% |
| 2024 | -37.9% | -5.6% |
| 2025 | +77.9% | +24.3% |
| 2026 | -22.7% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are METC and STE good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between METC and STE?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.28 over the last year and -0.09 over 5 years.
Is STE a good diversifier for METC?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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/metc-vs-ste.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/metc-vs-ste/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: METC correlations · STE correlations
