AIRJ vs ALOT: Correlation
AirJoule Technologies Corporation (AIRJ) and AstroNova, Inc. (ALOT) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRJ and ALOT?
Across a 3-year window, the weekly returns of AIRJ and ALOT correlate at 0.29, weak. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. Stretching to 5 years gives 0.26, with an annualized covariance of 1122.3 %².
By 3-year correlation, ALOT places #4 of the 13 assets tracked against AIRJ. Their recent paths diverged sharply: over the last 12 months ALOT outperformed by 168.1 percentage points (-1.6% for AIRJ against +166.5% for ALOT).
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.
AIRJ vs ALOT: side by side
| AIRJ (AirJoule Technologies Corporation) | ALOT (AstroNova, Inc.) | |
|---|---|---|
| 1-year return | -1.6% | +166.5% |
| 5-year return | -51.6% | +89.7% |
| Volatility (ann.) | 67.0% | 57.8% |
| Beta vs S&P 500 | 0.94 | 0.80 |
| Max drawdown (3Y) | -91.4% | -61.3% |
| 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 | AIRJ | ALOT |
|---|---|---|
| 2022 | – | -5.0% |
| 2023 | +6.7% | +26.8% |
| 2024 | -25.8% | -26.1% |
| 2025 | -50.5% | -28.0% |
| 2026 | +21.6% | +235.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRJ and ALOT good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIRJ and ALOT?
As of 2026-08-27, the correlation of weekly returns between AIRJ and ALOT is 0.29 over 3 years, 0.29 over 1 year and 0.26 over 5 years.
Is ALOT a good diversifier for AIRJ?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
A reading of 0.29 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/airj-vs-alot.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/airj-vs-alot/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIRJ correlations · ALOT correlations
