ALGT vs PSMT: Correlation
Measured on weekly returns over the past three years, Allegiant Travel Company (ALGT) and PriceSmart, Inc. (PSMT) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGT and PSMT?
Across a 3-year window, the weekly returns of ALGT and PSMT correlate at 0.47, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.60 versus 0.47 over 3 years. Stretching to 5 years gives 0.40, with an annualized covariance of 638.2 %².
Within ALGT's tracked universe of 15 assets, PSMT comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PSMT outperformed by 30.6 percentage points (+28.5% for ALGT against +59.1% for PSMT). One caveat on sizing: ALGT is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ALGT vs PSMT: side by side
| ALGT (Allegiant Travel Company) | PSMT (PriceSmart, Inc.) | |
|---|---|---|
| 1-year return | +28.5% | +59.1% |
| 5-year return | -55.9% | +116.4% |
| Volatility (ann.) | 58.0% | 23.4% |
| Beta vs S&P 500 | 1.36 | 0.42 |
| Max drawdown (3Y) | -61.2% | -24.0% |
| Market cap | $2.2B | $5.3B |
| P/E (trailing) | 71.7 | 33.8 |
| Dividend yield | 0.00% | 0.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALGT | PSMT |
|---|---|---|
| 2022 | -63.6% | -15.9% |
| 2023 | +23.4% | +26.2% |
| 2024 | +16.0% | +25.0% |
| 2025 | -9.4% | +34.8% |
| 2026 | -5.8% | +42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGT and PSMT good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALGT and PSMT?
The ALGT/PSMT correlation stands at 0.47 on a 3-year window (1 year: 0.60, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is PSMT a good diversifier for ALGT?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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/algt-vs-psmt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/algt-vs-psmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALGT correlations · PSMT correlations
