ALIT vs MYPS: Correlation
How closely do Alight, Inc. (ALIT) and PLAYSTUDIOS, Inc. (MYPS) 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 ALIT and MYPS?
Across a 3-year window, the weekly returns of ALIT and MYPS correlate at 0.42, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.42 over 3. Stretching to 5 years gives 0.39, with an annualized covariance of 1621.0 %².
MYPS is one of the assets that tracks ALIT most closely: it ranks #3 out of the 12 assets we track against ALIT. Correlation aside, the last 12 months split them widely, with MYPS ahead by 31.3 points (-81.3% versus -50.0%).
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 MYPS: side by side
| ALIT (Alight, Inc.) | MYPS (PLAYSTUDIOS, Inc.) | |
|---|---|---|
| 1-year return | -81.3% | -50.0% |
| 5-year return | -93.1% | -90.2% |
| Volatility (ann.) | 66.0% | 58.2% |
| Beta vs S&P 500 | 1.49 | 1.24 |
| Max drawdown (3Y) | -95.0% | -88.8% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 11.17% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALIT | MYPS |
|---|---|---|
| 2022 | -22.7% | -1.8% |
| 2023 | +2.0% | -30.2% |
| 2024 | -18.5% | -31.4% |
| 2025 | -70.6% | -64.9% |
| 2026 | -63.6% | -22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALIT and MYPS good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALIT and MYPS?
As of 2026-08-27, the correlation of weekly returns between ALIT and MYPS is 0.42 over 3 years, 0.48 over 1 year and 0.39 over 5 years.
Is MYPS a good diversifier for ALIT?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/alit-vs-myps.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALIT correlations · MYPS correlations
