ALG vs EML: Correlation
How closely do Alamo Group, Inc. (ALG) and Eastern Company (The) (EML) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALG and EML?
Across a 3-year window, the weekly returns of ALG and EML correlate at 0.42, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.42 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 499.9 %².
Within ALG's tracked universe of 17 assets, EML comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EML outperformed by 35.9 percentage points (-24.0% for ALG against +11.9% for EML).
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.
ALG vs EML: side by side
| ALG (Alamo Group, Inc.) | EML (Eastern Company (The)) | |
|---|---|---|
| 1-year return | -24.0% | +11.9% |
| 5-year return | +9.2% | +6.9% |
| Volatility (ann.) | 30.3% | 39.5% |
| Beta vs S&P 500 | 0.83 | 0.99 |
| Max drawdown (3Y) | -36.3% | -47.0% |
| Market cap | $2.0B | $0.2B |
| P/E (trailing) | 19.8 | 19.8 |
| Dividend yield | 0.78% | 1.69% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALG | EML |
|---|---|---|
| 2022 | -3.3% | -21.5% |
| 2023 | +49.2% | +16.8% |
| 2024 | -11.1% | +22.6% |
| 2025 | -9.1% | -24.4% |
| 2026 | -1.7% | +35.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALG and EML good diversifiers for each other?
Reasonably. At 0.42, ALG and EML keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALG and EML?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.32 over the last year and 0.40 over 5 years.
Is EML a good diversifier for ALG?
Reasonably. At 0.42, ALG and EML keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/alg-vs-eml.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alg-vs-eml/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALG correlations · EML correlations
