ALOT vs APWC: Correlation
AstroNova, Inc. (ALOT) and Asia Pacific Wire & Cable Corporation Limited (APWC) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALOT and APWC?
On 3 years of weekly data the ALOT/APWC correlation comes out at 0.35, moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.35). The 5-year figure is 0.30, and annualized covariance runs at 977.7 %².
Within ALOT's tracked universe of 20 assets, APWC comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALOT ahead by 188.6 points (+166.5% versus -22.1%).
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.
ALOT vs APWC: side by side
| ALOT (AstroNova, Inc.) | APWC (Asia Pacific Wire & Cable Corporation Limited) | |
|---|---|---|
| 1-year return | +166.5% | -22.1% |
| 5-year return | +89.7% | -59.0% |
| Volatility (ann.) | 57.8% | 48.8% |
| Beta vs S&P 500 | 0.80 | 0.50 |
| Max drawdown (3Y) | -61.3% | -42.4% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | 5.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALOT | APWC |
|---|---|---|
| 2022 | -5.0% | -29.4% |
| 2023 | +26.8% | -13.2% |
| 2024 | -26.1% | +17.6% |
| 2025 | -28.0% | +26.5% |
| 2026 | +235.1% | -24.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALOT and APWC good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALOT and APWC?
As of 2026-08-27, the correlation of weekly returns between ALOT and APWC is 0.35 over 3 years, 0.57 over 1 year and 0.30 over 5 years.
Is APWC a good diversifier for ALOT?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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/alot-vs-apwc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alot-vs-apwc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALOT correlations · APWC correlations
