PRMB vs TEAD: Correlation
Measured on weekly returns over the past three years, Primo Brands Corporation (PRMB) and Te (TEAD) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRMB and TEAD?
On 3 years of weekly data the PRMB/TEAD correlation comes out at 0.42, moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.42). The 5-year figure is 0.35, and annualized covariance runs at 1189.7 %².
In PRMB's tracked universe of 14 assets, TEAD sits right near the top at #3. The last year tells two different stories: PRMB led by 63.7 percentage points, -9.9% for PRMB against -73.6% for TEAD. Note the risk asymmetry: TEAD runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PRMB vs TEAD: side by side
| PRMB (Primo Brands Corporation) | TEAD (Te) | |
|---|---|---|
| 1-year return | -9.9% | -73.6% |
| 5-year return | +43.1% | -97.2% |
| Volatility (ann.) | 39.7% | 71.3% |
| Beta vs S&P 500 | 0.62 | 1.33 |
| Max drawdown (3Y) | -59.1% | -93.8% |
| Market cap | $8.1B | – |
| P/E (trailing) | 77.4 | – |
| Dividend yield | 1.91% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRMB | TEAD |
|---|---|---|
| 2022 | -10.1% | -74.1% |
| 2023 | -0.9% | +21.0% |
| 2024 | +114.6% | +63.9% |
| 2025 | -46.0% | -90.2% |
| 2026 | +39.4% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRMB and TEAD good diversifiers for each other?
Reasonably. At 0.42, PRMB and TEAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PRMB and TEAD?
The PRMB/TEAD correlation stands at 0.42 on a 3-year window (1 year: 0.54, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is TEAD a good diversifier for PRMB?
Reasonably. At 0.42, PRMB and TEAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/prmb-vs-tead.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/prmb-vs-tead/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PRMB correlations · TEAD correlations
