ACVA vs ALLT: Correlation
How closely do ACV Auctions Inc. (ACVA) and Allot Ltd. (ALLT) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACVA and ALLT?
Across a 3-year window, the weekly returns of ACVA and ALLT correlate at 0.41, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.41 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 1429.4 %².
Out of 14 assets tracked against ACVA, ALLT lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with ALLT ahead by 39.8 points (-37.3% versus +2.5%).
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.
ACVA vs ALLT: side by side
| ACVA (ACV Auctions Inc.) | ALLT (Allot Ltd.) | |
|---|---|---|
| 1-year return | -37.3% | +2.5% |
| 5-year return | -64.2% | -52.5% |
| Volatility (ann.) | 57.0% | 61.6% |
| Beta vs S&P 500 | 1.76 | 1.39 |
| Max drawdown (3Y) | -82.1% | -49.1% |
| Market cap | $1.2B | $0.4B |
| P/E (trailing) | – | 34.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACVA | ALLT |
|---|---|---|
| 2022 | -56.4% | -71.0% |
| 2023 | +84.5% | -52.0% |
| 2024 | +42.6% | +260.6% |
| 2025 | -62.9% | +65.2% |
| 2026 | -10.0% | -19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACVA and ALLT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACVA and ALLT?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.52 over the last year and 0.27 over 5 years.
Is ALLT a good diversifier for ACVA?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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
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Related comparisons
Hubs: ACVA correlations · ALLT correlations
