AGNT vs ALHC: Correlation
AGNT, Inc. (AGNT) and Alignment Healthcare, Inc. (ALHC) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGNT and ALHC?
Over the past 3 years, AGNT and ALHC moved with a correlation of 0.32, which is moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 975.2 %².
Among the 18 assets we track against AGNT, ALHC ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALHC outperformed by 43.6 percentage points (-59.6% for AGNT against -16.0% for ALHC).
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.
AGNT vs ALHC: side by side
| AGNT (AGNT, Inc.) | ALHC (Alignment Healthcare, Inc.) | |
|---|---|---|
| 1-year return | -59.6% | -16.0% |
| 5-year return | -89.6% | -25.5% |
| Volatility (ann.) | 51.5% | 59.1% |
| Beta vs S&P 500 | 0.87 | 0.29 |
| Max drawdown (3Y) | -79.2% | -50.3% |
| Market cap | $0.7B | $2.8B |
| P/E (trailing) | – | 75.3 |
| Dividend yield | 4.57% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGNT | ALHC |
|---|---|---|
| 2022 | -66.7% | -16.4% |
| 2023 | +42.0% | -26.8% |
| 2024 | -24.6% | +30.7% |
| 2025 | -19.7% | +75.6% |
| 2026 | -52.1% | -31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGNT and ALHC good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AGNT and ALHC?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.33 over the last year and 0.32 over 5 years.
Is ALHC a good diversifier for AGNT?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agnt-vs-alhc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agnt-vs-alhc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGNT correlations · ALHC correlations
