ACNT vs PED: Correlation
Ascent Industries Co. (ACNT) and Pedevco Corp. (PED) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACNT and PED?
Over the past 3 years, ACNT and PED moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -459.5 %².
Among the 16 assets we track against ACNT, PED ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ACNT ahead by 17.9 points (+31.0% versus +13.1%). Note the risk asymmetry: PED runs 1.7 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.
ACNT vs PED: side by side
| ACNT (Ascent Industries Co.) | PED (Pedevco Corp.) | |
|---|---|---|
| 1-year return | +31.0% | +13.1% |
| 5-year return | +37.0% | -39.7% |
| Volatility (ann.) | 31.2% | 54.0% |
| Beta vs S&P 500 | 0.09 | -0.28 |
| Max drawdown (3Y) | -31.8% | -58.3% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACNT | PED |
|---|---|---|
| 2022 | -47.2% | +3.8% |
| 2023 | +10.3% | -30.0% |
| 2024 | +16.9% | +1.0% |
| 2025 | +44.8% | -28.0% |
| 2026 | -2.4% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACNT and PED good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between ACNT and PED?
The ACNT/PED correlation stands at -0.27 on a 3-year window (1 year: -0.34, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is PED a good diversifier for ACNT?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/acnt-vs-ped.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acnt-vs-ped/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACNT correlations · PED correlations
