ALNT vs FTK: Correlation
Measured on weekly returns over the past three years, Allient Inc. (ALNT) and Flotek Industries, Inc. (FTK) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALNT and FTK?
Across a 3-year window, the weekly returns of ALNT and FTK correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.34, with an annualized covariance of 2254.5 %².
Among the 13 assets we track against ALNT, FTK ranks #7 by 3-year correlation. Neither side won the trailing year by much: +102.9% against +100.2%. Risk is not evenly split, since FTK carries 1.7 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.
ALNT vs FTK: side by side
| ALNT (Allient Inc.) | FTK (Flotek Industries, Inc.) | |
|---|---|---|
| 1-year return | +102.9% | +100.2% |
| 5-year return | +183.0% | +196.8% |
| Volatility (ann.) | 51.2% | 84.8% |
| Beta vs S&P 500 | 1.42 | 1.61 |
| Max drawdown (3Y) | -52.9% | -49.6% |
| Market cap | $1.6B | $0.9B |
| P/E (trailing) | 55.0 | 24.2 |
| Dividend yield | 0.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALNT | FTK |
|---|---|---|
| 2022 | -4.3% | -0.9% |
| 2023 | -12.9% | -41.7% |
| 2024 | -19.3% | +143.1% |
| 2025 | +122.2% | +80.8% |
| 2026 | +78.3% | +41.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALNT and FTK good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALNT and FTK?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.46 over the last year and 0.34 over 5 years.
Is FTK a good diversifier for ALNT?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/alnt-vs-ftk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alnt-vs-ftk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALNT correlations · FTK correlations
