ALNT vs NPO: Correlation
How closely do Allient Inc. (ALNT) and Enpro Inc. (NPO) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALNT and NPO?
Over the past 3 years, ALNT and NPO moved with a correlation of 0.60, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.42 versus 0.60 over 3 years. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 1057.1 %².
Few assets follow ALNT as closely as NPO, which ranks #2 of 13 tracked partners. The last year tells two different stories: ALNT led by 65.8 percentage points, +102.9% for ALNT against +37.1% for NPO.
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 NPO: side by side
| ALNT (Allient Inc.) | NPO (Enpro Inc.) | |
|---|---|---|
| 1-year return | +102.9% | +37.1% |
| 5-year return | +183.0% | +270.5% |
| Volatility (ann.) | 51.2% | 34.4% |
| Beta vs S&P 500 | 1.42 | 1.27 |
| Max drawdown (3Y) | -52.9% | -33.7% |
| Market cap | $1.6B | $6.5B |
| P/E (trailing) | 55.0 | 149.1 |
| Dividend yield | 0.14% | 0.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALNT | NPO |
|---|---|---|
| 2022 | -4.3% | -0.2% |
| 2023 | -12.9% | +45.6% |
| 2024 | -19.3% | +10.9% |
| 2025 | +122.2% | +25.0% |
| 2026 | +78.3% | +44.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALNT and NPO good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALNT and NPO?
As of 2026-08-27, the correlation of weekly returns between ALNT and NPO is 0.60 over 3 years, 0.42 over 1 year and 0.57 over 5 years.
Is NPO a good diversifier for ALNT?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 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
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Related comparisons
Hubs: ALNT correlations · NPO correlations
