AEI vs ALTO: Correlation
Alset Inc. (AEI) and Alto Ingredients, Inc. (ALTO) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEI and ALTO?
Over the past 3 years, AEI and ALTO moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.18 over 3 years. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -1756.6 %².
ALTO is close to the least connected end of AEI's tracked universe, ranking #12 of 14. Their recent paths diverged sharply: over the last 12 months ALTO outperformed by 288.1 percentage points (+1.4% for AEI against +289.5% for ALTO).
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.
AEI vs ALTO: side by side
| AEI (Alset Inc.) | ALTO (Alto Ingredients, Inc.) | |
|---|---|---|
| 1-year return | +1.4% | +289.5% |
| 5-year return | -96.4% | -16.4% |
| Volatility (ann.) | 106.1% | 93.7% |
| Beta vs S&P 500 | 1.79 | 0.15 |
| Max drawdown (3Y) | -76.1% | -84.1% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 6.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEI | ALTO |
|---|---|---|
| 2022 | -79.4% | -40.1% |
| 2023 | -55.2% | -7.6% |
| 2024 | -1.0% | -41.4% |
| 2025 | +237.3% | +84.6% |
| 2026 | -57.3% | +42.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEI and ALTO good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AEI and ALTO?
As of 2026-08-27, the correlation of weekly returns between AEI and ALTO is -0.18 over 3 years, -0.41 over 1 year and -0.04 over 5 years.
Is ALTO a good diversifier for AEI?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aei-vs-alto.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AEI correlations · ALTO correlations
