ALOT vs DSWL: Correlation
Measured on weekly returns over the past three years, AstroNova, Inc. (ALOT) and Deswell Industries, Inc. (DSWL) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALOT and DSWL?
Over the past 3 years, ALOT and DSWL moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 644.7 %².
By 3-year correlation, DSWL places #6 of the 20 assets tracked against ALOT. Correlation aside, the last 12 months split them widely, with ALOT ahead by 176.9 points (+166.5% versus -10.4%). Note the risk asymmetry: ALOT runs 1.9 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.
ALOT vs DSWL: side by side
| ALOT (AstroNova, Inc.) | DSWL (Deswell Industries, Inc.) | |
|---|---|---|
| 1-year return | +166.5% | -10.4% |
| 5-year return | +89.7% | +0.8% |
| Volatility (ann.) | 57.8% | 30.4% |
| Beta vs S&P 500 | 0.80 | 0.34 |
| Max drawdown (3Y) | -61.3% | -29.5% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 4.6 |
| Dividend yield | 0.00% | 6.45% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALOT | DSWL |
|---|---|---|
| 2022 | -5.0% | -14.1% |
| 2023 | +26.8% | -8.3% |
| 2024 | -26.1% | -2.9% |
| 2025 | -28.0% | +54.7% |
| 2026 | +235.1% | -5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALOT and DSWL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALOT and DSWL?
As of 2026-08-27, the correlation of weekly returns between ALOT and DSWL is 0.37 over 3 years, 0.41 over 1 year and 0.31 over 5 years.
Is DSWL a good diversifier for ALOT?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alot-vs-dswl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alot-vs-dswl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALOT correlations · DSWL correlations
