AIOT vs MYPS: Correlation
How closely do PowerFleet, Inc. (AIOT) and PLAYSTUDIOS, Inc. (MYPS) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIOT and MYPS?
Over the past 3 years, AIOT and MYPS moved with a correlation of 0.45, which is moderate. The past 12 months show a tighter link (0.59) than the 3-year average (0.45). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 1745.5 %².
By 3-year correlation, MYPS places #8 of the 14 assets tracked against AIOT. On 12-month performance AIOT holds a 12.5-point edge, -37.5% against -50.0%.
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.
AIOT vs MYPS: side by side
| AIOT (PowerFleet, Inc.) | MYPS (PLAYSTUDIOS, Inc.) | |
|---|---|---|
| 1-year return | -37.5% | -50.0% |
| 5-year return | -57.4% | -90.2% |
| Volatility (ann.) | 67.2% | 58.2% |
| Beta vs S&P 500 | 2.51 | 1.24 |
| Max drawdown (3Y) | -67.2% | -88.8% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIOT | MYPS |
|---|---|---|
| 2022 | -43.2% | -1.8% |
| 2023 | +27.1% | -30.2% |
| 2024 | +94.7% | -31.4% |
| 2025 | -20.1% | -64.9% |
| 2026 | -43.6% | -22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIOT and MYPS good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIOT and MYPS?
The AIOT/MYPS correlation stands at 0.45 on a 3-year window (1 year: 0.59, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is MYPS a good diversifier for AIOT?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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/aiot-vs-myps.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aiot-vs-myps/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIOT correlations · MYPS correlations
