ALLT vs XWEL: Correlation
Measured on weekly returns over the past three years, Allot Ltd. (ALLT) and XWELL, Inc. (XWEL) carry a correlation of -0.37, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLT and XWEL?
Over the past 3 years, ALLT and XWEL moved with a correlation of -0.37, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.69) than the 3-year average (-0.37). Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -4291.3 %².
XWEL is close to the least connected end of ALLT's tracked universe, ranking #12 of 12. Over the last 12 months ALLT came out ahead by 10.0 percentage points (+2.5% against -7.5%). Risk is not evenly split, since XWEL carries 3.1 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.
ALLT vs XWEL: side by side
| ALLT (Allot Ltd.) | XWEL (XWELL, Inc.) | |
|---|---|---|
| 1-year return | +2.5% | -7.5% |
| 5-year return | -52.5% | -97.2% |
| Volatility (ann.) | 61.6% | 188.4% |
| Beta vs S&P 500 | 1.39 | 0.41 |
| Max drawdown (3Y) | -49.1% | -92.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 34.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLT | XWEL |
|---|---|---|
| 2022 | -71.0% | -82.2% |
| 2023 | -52.0% | -75.8% |
| 2024 | +260.6% | -13.2% |
| 2025 | +65.2% | -69.5% |
| 2026 | -19.3% | +115.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLT and XWEL good diversifiers for each other?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALLT and XWEL?
As of 2026-08-27, the correlation of weekly returns between ALLT and XWEL is -0.37 over 3 years, -0.69 over 1 year and -0.27 over 5 years.
Is XWEL a good diversifier for ALLT?
Yes: at -0.37, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.37 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/allt-vs-xwel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/allt-vs-xwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALLT correlations · XWEL correlations
