AIOT vs SSTI: Correlation
How closely do PowerFleet, Inc. (AIOT) and SoundThinking, Inc. (SSTI) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIOT and SSTI?
Across a 3-year window, the weekly returns of AIOT and SSTI correlate at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.43 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 1562.4 %².
Among the 14 assets we track against AIOT, SSTI sits near the bottom by co-movement, at rank #10. Over the last 12 months AIOT came out ahead by 11.8 percentage points (-37.5% against -49.3%).
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 SSTI: side by side
| AIOT (PowerFleet, Inc.) | SSTI (SoundThinking, Inc.) | |
|---|---|---|
| 1-year return | -37.5% | -49.3% |
| 5-year return | -57.4% | -83.7% |
| Volatility (ann.) | 67.2% | 53.5% |
| Beta vs S&P 500 | 2.51 | 1.25 |
| Max drawdown (3Y) | -67.2% | -78.3% |
| 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 | SSTI |
|---|---|---|
| 2022 | -43.2% | +14.6% |
| 2023 | +27.1% | -24.5% |
| 2024 | +94.7% | -48.9% |
| 2025 | -20.1% | -38.5% |
| 2026 | -43.6% | -21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIOT and SSTI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AIOT and SSTI?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.53 over the last year and 0.34 over 5 years.
Is SSTI a good diversifier for AIOT?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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-ssti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aiot-vs-ssti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIOT correlations · SSTI correlations
