RYAM vs STGW: Correlation
How closely do Rayonier Advanced Materials Inc. (RYAM) and Stagwell Inc. (STGW) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RYAM and STGW?
On 3 years of weekly data the RYAM/STGW correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.43 over 3. The 5-year figure is 0.29, and annualized covariance runs at 1275.2 %².
In RYAM's tracked universe of 11 assets, STGW sits right near the top at #3. Twelve-month performance is nearly a tie, at +59.5% for RYAM and +59.1% for STGW.
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.
RYAM vs STGW: side by side
| RYAM (Rayonier Advanced Materials Inc.) | STGW (Stagwell Inc.) | |
|---|---|---|
| 1-year return | +59.5% | +59.1% |
| 5-year return | +22.2% | +30.4% |
| Volatility (ann.) | 60.5% | 49.1% |
| Beta vs S&P 500 | 1.27 | 1.28 |
| Max drawdown (3Y) | -63.7% | -48.6% |
| Market cap | $0.6B | $2.2B |
| P/E (trailing) | – | 148.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RYAM | STGW |
|---|---|---|
| 2022 | +68.1% | -28.4% |
| 2023 | -57.8% | +6.8% |
| 2024 | +103.7% | -0.8% |
| 2025 | -28.6% | -25.7% |
| 2026 | +43.0% | +81.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RYAM and STGW good diversifiers for each other?
Reasonably. At 0.43, RYAM and STGW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RYAM and STGW?
As of 2026-08-27, the correlation of weekly returns between RYAM and STGW is 0.43 over 3 years, 0.45 over 1 year and 0.29 over 5 years.
Is STGW a good diversifier for RYAM?
Reasonably. At 0.43, RYAM and STGW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ryam-vs-stgw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ryam-vs-stgw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RYAM correlations · STGW correlations
