AENT vs PM: Correlation
Measured on weekly returns over the past three years, Alliance Entertainment Holding Corporation (AENT) and Philip Morris International (PM) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AENT and PM?
Over the past 3 years, AENT and PM moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.24 over 3. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -525.1 %².
PM is close to the least connected end of AENT's tracked universe, ranking #12 of 12. Their recent paths diverged sharply: over the last 12 months PM outperformed by 16.2 percentage points (+4.0% for AENT against +20.2% for PM). Risk is not evenly split, since AENT carries 4.1 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.
AENT vs PM: side by side
| AENT (Alliance Entertainment Holding Corporation) | PM (Philip Morris International) | |
|---|---|---|
| 1-year return | +4.0% | +20.2% |
| 5-year return | -43.4% | +133.5% |
| Volatility (ann.) | 94.6% | 23.1% |
| Beta vs S&P 500 | 1.21 | -0.01 |
| Max drawdown (3Y) | -78.2% | -20.6% |
| Market cap | $0.3B | $296.9B |
| P/E (trailing) | 11.9 | 26.7 |
| Dividend yield | 0.00% | 3.03% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | AENT | PM |
|---|---|---|
| 2022 | +4.0% | +12.3% |
| 2023 | -90.9% | -1.9% |
| 2024 | +876.3% | +34.3% |
| 2025 | -10.8% | +38.0% |
| 2026 | -32.2% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AENT and PM good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AENT and PM?
As of 2026-08-27, the correlation of weekly returns between AENT and PM is -0.24 over 3 years, -0.27 over 1 year and -0.14 over 5 years.
Is PM a good diversifier for AENT?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/aent-vs-pm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aent-vs-pm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AENT correlations · PM correlations
