AIOT vs PAL: Correlation
Measured on weekly returns over the past three years, PowerFleet, Inc. (AIOT) and Proficient Auto Logistics, Inc. (PAL) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIOT and PAL?
Over the past 3 years, AIOT and PAL moved with a correlation of 0.48, which is moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2481.0 %².
Among the 14 assets we track against AIOT, PAL ranks #6 by 3-year correlation. Twelve-month performance is nearly a tie, at -37.5% for AIOT and -34.3% for PAL.
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 PAL: side by side
| AIOT (PowerFleet, Inc.) | PAL (Proficient Auto Logistics, Inc.) | |
|---|---|---|
| 1-year return | -37.5% | -34.3% |
| 5-year return | -57.4% | n/a |
| Volatility (ann.) | 67.2% | 79.8% |
| Beta vs S&P 500 | 2.51 | 1.84 |
| Max drawdown (3Y) | -67.2% | -76.0% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIOT | PAL |
|---|---|---|
| 2022 | -43.2% | – |
| 2023 | +27.1% | – |
| 2024 | +94.7% | – |
| 2025 | -20.1% | +19.5% |
| 2026 | -43.6% | -44.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIOT and PAL good diversifiers for each other?
Reasonably. At 0.48, AIOT and PAL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AIOT and PAL?
The AIOT/PAL correlation stands at 0.48 on a 3-year window (1 year: 0.48, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PAL a good diversifier for AIOT?
Reasonably. At 0.48, AIOT and PAL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/aiot-vs-pal.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aiot-vs-pal/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIOT correlations · PAL correlations
