AIOT vs NCMI: Correlation
How closely do PowerFleet, Inc. (AIOT) and National CineMedia, Inc. (NCMI) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIOT and NCMI?
Over the past 3 years, AIOT and NCMI moved with a correlation of 0.37, which is moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.37). Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 1279.5 %².
Out of 14 assets tracked against AIOT, NCMI lands near the bottom at #11. Twelve-month performance is nearly a tie, at -37.5% for AIOT and -40.6% for NCMI.
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 NCMI: side by side
| AIOT (PowerFleet, Inc.) | NCMI (National CineMedia, Inc.) | |
|---|---|---|
| 1-year return | -37.5% | -40.6% |
| 5-year return | -57.4% | -88.8% |
| Volatility (ann.) | 67.2% | 51.6% |
| Beta vs S&P 500 | 2.51 | 0.73 |
| Max drawdown (3Y) | -67.2% | -68.9% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 3.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIOT | NCMI |
|---|---|---|
| 2022 | -43.2% | -91.7% |
| 2023 | +27.1% | +88.2% |
| 2024 | +94.7% | +60.4% |
| 2025 | -20.1% | -39.9% |
| 2026 | -43.6% | -34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIOT and NCMI good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIOT and NCMI?
As of 2026-08-27, the correlation of weekly returns between AIOT and NCMI is 0.37 over 3 years, 0.53 over 1 year and 0.11 over 5 years.
Is NCMI a good diversifier for AIOT?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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-ncmi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aiot-vs-ncmi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIOT correlations · NCMI correlations
