ACEL vs ALTG: Correlation
Accel Entertainment, Inc. (ACEL) and Alta Equipment Group Inc. (ALTG) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACEL and ALTG?
Across a 3-year window, the weekly returns of ACEL and ALTG correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 857.4 %².
Few assets follow ACEL as closely as ALTG, which ranks #2 of 16 tracked partners. Their recent paths diverged sharply: over the last 12 months ACEL outperformed by 27.2 percentage points (+1.3% for ACEL against -25.9% for ALTG). Risk is not evenly split, since ALTG carries 2.3 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.
ACEL vs ALTG: side by side
| ACEL (Accel Entertainment, Inc.) | ALTG (Alta Equipment Group Inc.) | |
|---|---|---|
| 1-year return | +1.3% | -25.9% |
| 5-year return | +1.6% | -50.0% |
| Volatility (ann.) | 28.0% | 65.4% |
| Beta vs S&P 500 | 0.73 | 2.11 |
| Max drawdown (3Y) | -26.0% | -71.8% |
| Market cap | $0.9B | $0.2B |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACEL | ALTG |
|---|---|---|
| 2022 | -40.9% | -9.1% |
| 2023 | +33.4% | -4.7% |
| 2024 | +4.0% | -45.5% |
| 2025 | +6.8% | -28.4% |
| 2026 | +2.5% | +34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACEL and ALTG good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACEL and ALTG?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.55 over the last year and 0.37 over 5 years.
Is ALTG a good diversifier for ACEL?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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.
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Related comparisons
Hubs: ACEL correlations · ALTG correlations
