AIIO vs JOUT: Correlation
How closely do Robo.ai Inc. - Class B (AIIO) and Johnson Outdoors Inc. (JOUT) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIIO and JOUT?
On 3 years of weekly data the AIIO/JOUT correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.67 versus -0.30 over 3 years. The 5-year figure is -0.21, and annualized covariance runs at -2877.4 %².
Among the 35 assets we track against AIIO, JOUT sits near the bottom by co-movement, at rank #31. Their recent paths diverged sharply: over the last 12 months JOUT outperformed by 105.8 percentage points (-91.3% for AIIO against +14.5% for JOUT). Risk is not evenly split, since AIIO carries 8.2 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.
AIIO vs JOUT: side by side
| AIIO (Robo.ai Inc. - Class B) | JOUT (Johnson Outdoors Inc.) | |
|---|---|---|
| 1-year return | -91.3% | +14.5% |
| 5-year return | -98.8% | -55.0% |
| Volatility (ann.) | 280.6% | 34.4% |
| Beta vs S&P 500 | 0.74 | 0.57 |
| Max drawdown (3Y) | -99.7% | -59.4% |
| Market cap | $0.4B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIIO | JOUT |
|---|---|---|
| 2022 | -9.2% | -28.1% |
| 2023 | -27.5% | -17.5% |
| 2024 | -91.0% | -36.1% |
| 2025 | -56.6% | +34.1% |
| 2026 | -61.3% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIIO and JOUT good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between AIIO and JOUT?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.67 over the last year and -0.21 over 5 years.
Is JOUT a good diversifier for AIIO?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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
$ curl https://www.pairbook.io/api/v1/pairs/aiio-vs-jout.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aiio-vs-jout/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIIO correlations · JOUT correlations
