AGRO vs ALOT: Correlation
Adecoagro S.A. (AGRO) and AstroNova, Inc. (ALOT) show a negative 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 AGRO and ALOT?
Over the past 3 years, AGRO and ALOT moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.47 versus -0.32 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -762.9 %².
ALOT is close to the least connected end of AGRO's tracked universe, ranking #35 of 36. The last year tells two different stories: ALOT led by 138.4 percentage points, +28.1% for AGRO against +166.5% for ALOT.
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.
AGRO vs ALOT: side by side
| AGRO (Adecoagro S.A.) | ALOT (AstroNova, Inc.) | |
|---|---|---|
| 1-year return | +28.1% | +166.5% |
| 5-year return | +29.1% | +89.7% |
| Volatility (ann.) | 41.7% | 57.8% |
| Beta vs S&P 500 | -0.27 | 0.80 |
| Max drawdown (3Y) | -41.3% | -61.3% |
| Market cap | $1.5B | $0.2B |
| P/E (trailing) | 28.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGRO | ALOT |
|---|---|---|
| 2022 | +11.5% | -5.0% |
| 2023 | +38.6% | +26.8% |
| 2024 | -12.4% | -26.1% |
| 2025 | -14.3% | -28.0% |
| 2026 | +36.0% | +235.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and ALOT good diversifiers for each other?
Yes. With a correlation of -0.32, AGRO and ALOT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGRO and ALOT?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.47 over the last year and -0.20 over 5 years.
Is ALOT a good diversifier for AGRO?
Yes. With a correlation of -0.32, AGRO and ALOT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
A reading of -0.32 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/agro-vs-alot.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agro-vs-alot/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGRO correlations · ALOT correlations
