ALNT vs AVNT: Correlation
Measured on weekly returns over the past three years, Allient Inc. (ALNT) and Avient Corporation (AVNT) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALNT and AVNT?
On 3 years of weekly data the ALNT/AVNT correlation comes out at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 1081.8 %².
Among the 13 assets we track against ALNT, AVNT ranks #4 by 3-year correlation. The last year tells two different stories: ALNT led by 81.2 percentage points, +102.9% for ALNT against +21.7% for AVNT.
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.
ALNT vs AVNT: side by side
| ALNT (Allient Inc.) | AVNT (Avient Corporation) | |
|---|---|---|
| 1-year return | +102.9% | +21.7% |
| 5-year return | +183.0% | -3.6% |
| Volatility (ann.) | 51.2% | 36.9% |
| Beta vs S&P 500 | 1.42 | 1.33 |
| Max drawdown (3Y) | -52.9% | -46.9% |
| Market cap | $1.6B | $4.1B |
| P/E (trailing) | 55.0 | 23.9 |
| Dividend yield | 0.14% | 2.45% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALNT | AVNT |
|---|---|---|
| 2022 | -4.3% | -38.2% |
| 2023 | -12.9% | +26.4% |
| 2024 | -19.3% | +0.6% |
| 2025 | +122.2% | -21.2% |
| 2026 | +78.3% | +43.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALNT and AVNT good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALNT and AVNT?
The ALNT/AVNT correlation stands at 0.57 on a 3-year window (1 year: 0.65, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is AVNT a good diversifier for ALNT?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 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: ALNT correlations · AVNT correlations
