PAM vs TDAY: Correlation
Pampa Energia S.A. (PAM) and USA TODAY Co., Inc. (TDAY) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAM and TDAY?
Over the past 3 years, PAM and TDAY moved with a correlation of 0.38, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.38 over 3 years. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 1008.8 %².
By 3-year correlation, TDAY places #7 of the 21 assets tracked against PAM. Their recent paths diverged sharply: over the last 12 months TDAY outperformed by 33.7 percentage points (+22.4% for PAM against +56.1% for TDAY).
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.
PAM vs TDAY: side by side
| PAM (Pampa Energia S.A.) | TDAY (USA TODAY Co., Inc.) | |
|---|---|---|
| 1-year return | +22.4% | +56.1% |
| 5-year return | +339.3% | -0.3% |
| Volatility (ann.) | 45.3% | 58.6% |
| Beta vs S&P 500 | 0.38 | 0.79 |
| Max drawdown (3Y) | -40.4% | -54.6% |
| Market cap | $4.3B | $0.9B |
| P/E (trailing) | 7.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAM | TDAY |
|---|---|---|
| 2022 | +51.3% | -61.9% |
| 2023 | +55.0% | +13.3% |
| 2024 | +77.6% | +120.0% |
| 2025 | +0.6% | +1.8% |
| 2026 | -8.3% | +24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAM and TDAY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PAM and TDAY?
The PAM/TDAY correlation stands at 0.38 on a 3-year window (1 year: 0.54, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is TDAY a good diversifier for PAM?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pam-vs-tday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pam-vs-tday/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PAM correlations · TDAY correlations
