ALIT vs AVPT: Correlation
How closely do Alight, Inc. (ALIT) and AvePoint, Inc. (AVPT) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALIT and AVPT?
Over the past 3 years, ALIT and AVPT moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 1168.6 %².
In ALIT's tracked universe of 12 assets, AVPT sits right near the top at #2. Correlation aside, the last 12 months split them widely, with AVPT ahead by 71.8 points (-81.3% versus -9.5%). Risk is not evenly split, since ALIT carries 1.6 times the volatility of the other side.
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.
ALIT vs AVPT: side by side
| ALIT (Alight, Inc.) | AVPT (AvePoint, Inc.) | |
|---|---|---|
| 1-year return | -81.3% | -9.5% |
| 5-year return | -93.1% | +57.7% |
| Volatility (ann.) | 66.0% | 41.3% |
| Beta vs S&P 500 | 1.49 | 1.18 |
| Max drawdown (3Y) | -95.0% | -55.0% |
| Market cap | $0.5B | $3.0B |
| P/E (trailing) | – | 42.1 |
| Dividend yield | 11.17% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALIT | AVPT |
|---|---|---|
| 2022 | -22.7% | -34.7% |
| 2023 | +2.0% | +99.8% |
| 2024 | -18.5% | +101.1% |
| 2025 | -70.6% | -15.9% |
| 2026 | -63.6% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALIT and AVPT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALIT and AVPT?
As of 2026-08-27, the correlation of weekly returns between ALIT and AVPT is 0.43 over 3 years, 0.46 over 1 year and 0.39 over 5 years.
Is AVPT a good diversifier for ALIT?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/alit-vs-avpt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alit-vs-avpt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALIT correlations · AVPT correlations
