ALAB vs ATNI: Correlation
Measured on weekly returns over the past three years, Astera Labs, Inc. (ALAB) and ATN International, Inc. (ATNI) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALAB and ATNI?
Across a 3-year window, the weekly returns of ALAB and ATNI correlate at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.11 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -928.2 %².
By 3-year correlation, ATNI places #10 of the 18 assets tracked against ALAB. Their recent paths diverged sharply: over the last 12 months ATNI outperformed by 25.7 percentage points (+69.7% for ALAB against +95.4% for ATNI).
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.
ALAB vs ATNI: side by side
| ALAB (Astera Labs, Inc.) | ATNI (ATN International, Inc.) | |
|---|---|---|
| 1-year return | +69.7% | +95.4% |
| 5-year return | n/a | -22.3% |
| Volatility (ann.) | 84.6% | 58.6% |
| Beta vs S&P 500 | 2.90 | 0.57 |
| Max drawdown (3Y) | -63.7% | -62.6% |
| Market cap | $52.8B | $0.5B |
| P/E (trailing) | 142.8 | 3.0 |
| Dividend yield | 0.00% | 3.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALAB | ATNI |
|---|---|---|
| 2022 | – | +15.3% |
| 2023 | – | -11.9% |
| 2024 | – | -55.1% |
| 2025 | +25.6% | +43.8% |
| 2026 | +82.8% | +32.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALAB and ATNI good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALAB and ATNI?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.11 over the last year and n/a over 5 years.
Is ATNI a good diversifier for ALAB?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alab-vs-atni.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alab-vs-atni/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALAB correlations · ATNI correlations
