ALLT vs STEP: Correlation
How closely do Allot Ltd. (ALLT) and StepStone Group Inc. (STEP) 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 ALLT and STEP?
Across a 3-year window, the weekly returns of ALLT and STEP correlate at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 997.7 %².
In ALLT's tracked universe of 12 assets, STEP sits right near the top at #1. Correlation aside, the last 12 months split them widely, with ALLT ahead by 19.6 points (+2.5% versus -17.1%). Note the risk asymmetry: ALLT runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 STEP: side by side
| ALLT (Allot Ltd.) | STEP (StepStone Group Inc.) | |
|---|---|---|
| 1-year return | +2.5% | -17.1% |
| 5-year return | -52.5% | +20.7% |
| Volatility (ann.) | 61.6% | 37.9% |
| Beta vs S&P 500 | 1.39 | 1.43 |
| Max drawdown (3Y) | -49.1% | -46.9% |
| Market cap | $0.4B | $6.5B |
| P/E (trailing) | 34.5 | – |
| Dividend yield | 0.00% | 2.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLT | STEP |
|---|---|---|
| 2022 | -71.0% | -37.8% |
| 2023 | -52.0% | +31.7% |
| 2024 | +260.6% | +85.9% |
| 2025 | +65.2% | +13.6% |
| 2026 | -19.3% | -19.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLT and STEP good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALLT and STEP?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.43 over the last year and 0.34 over 5 years.
Is STEP a good diversifier for ALLT?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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-step.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/allt-vs-step/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALLT correlations · STEP correlations
