ALLT vs PEW: Correlation
How closely do Allot Ltd. (ALLT) and GrabAGun Digital Holdings Inc. (PEW) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLT and PEW?
On 3 years of weekly data the ALLT/PEW correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.32 over 3. The 5-year figure is n/a, and annualized covariance runs at 1007.0 %².
Among the 12 assets we track against ALLT, PEW ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALLT outperformed by 59.6 percentage points (+2.5% for ALLT against -57.1% for PEW).
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.
ALLT vs PEW: side by side
| ALLT (Allot Ltd.) | PEW (GrabAGun Digital Holdings Inc.) | |
|---|---|---|
| 1-year return | +2.5% | -57.1% |
| 5-year return | -52.5% | n/a |
| Volatility (ann.) | 61.6% | 51.2% |
| Beta vs S&P 500 | 1.39 | 0.44 |
| Max drawdown (3Y) | -49.1% | -86.8% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | 34.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLT | PEW |
|---|---|---|
| 2022 | -71.0% | – |
| 2023 | -52.0% | – |
| 2024 | +260.6% | – |
| 2025 | +65.2% | -74.4% |
| 2026 | -19.3% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLT and PEW good diversifiers for each other?
Reasonably. At 0.32, ALLT and PEW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALLT and PEW?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.31 over the last year and n/a over 5 years.
Is PEW a good diversifier for ALLT?
Reasonably. At 0.32, ALLT and PEW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/allt-vs-pew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/allt-vs-pew/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALLT correlations · PEW correlations
