ALM vs EZPW: Correlation
How closely do Almonty Industries Inc. (ALM) and EZCORP, Inc. - Class A Non-Voting (EZPW) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALM and EZPW?
Across a 3-year window, the weekly returns of ALM and EZPW correlate at 0.28, weak. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. Stretching to 5 years gives 0.23, with an annualized covariance of 786.8 %².
By 3-year correlation, EZPW places #8 of the 13 assets tracked against ALM. Their recent paths diverged sharply: over the last 12 months ALM outperformed by 238.9 percentage points (+348.7% for ALM against +109.8% for EZPW). Note the risk asymmetry: ALM runs 2.9 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.
ALM vs EZPW: side by side
| ALM (Almonty Industries Inc.) | EZPW (EZCORP, Inc. - Class A Non-Voting) | |
|---|---|---|
| 1-year return | +348.7% | +109.8% |
| 5-year return | +1028.4% | +400.9% |
| Volatility (ann.) | 89.8% | 31.0% |
| Beta vs S&P 500 | 1.32 | 0.26 |
| Max drawdown (3Y) | -57.9% | -24.2% |
| Market cap | $5.4B | $2.1B |
| P/E (trailing) | 82.1 | 17.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALM | EZPW |
|---|---|---|
| 2022 | -27.7% | +10.6% |
| 2023 | -19.7% | +7.2% |
| 2024 | +53.2% | +39.8% |
| 2025 | +526.5% | +58.9% |
| 2026 | +114.4% | +77.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALM and EZPW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALM and EZPW?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.25 over the last year and 0.23 over 5 years.
Is EZPW a good diversifier for ALM?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ALM correlations · EZPW correlations
