ALHC vs JYNT: Correlation
Measured on weekly returns over the past three years, Alignment Healthcare, Inc. (ALHC) and The Joint Corp. (JYNT) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALHC and JYNT?
Over the past 3 years, ALHC and JYNT moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 919.3 %².
In ALHC's tracked universe of 15 assets, JYNT sits right near the top at #2. The trailing year gives ALHC the advantage: -16.0% versus -21.4%, a 5.4-point spread.
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.
ALHC vs JYNT: side by side
| ALHC (Alignment Healthcare, Inc.) | JYNT (The Joint Corp.) | |
|---|---|---|
| 1-year return | -16.0% | -21.4% |
| 5-year return | -25.5% | -91.8% |
| Volatility (ann.) | 59.1% | 41.9% |
| Beta vs S&P 500 | 0.29 | 0.98 |
| Max drawdown (3Y) | -50.3% | -56.6% |
| Market cap | $2.8B | $0.1B |
| P/E (trailing) | 75.3 | 60.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALHC | JYNT |
|---|---|---|
| 2022 | -16.4% | -78.7% |
| 2023 | -26.8% | -31.3% |
| 2024 | +30.7% | +10.6% |
| 2025 | +75.6% | -18.0% |
| 2026 | -31.3% | -3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALHC and JYNT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALHC and JYNT?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.45 over the last year and 0.31 over 5 years.
Is JYNT a good diversifier for ALHC?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alhc-vs-jynt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alhc-vs-jynt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALHC correlations · JYNT correlations
