ALOT vs FOX: Correlation
AstroNova, Inc. (ALOT) and Fox Corporation (Class B) (FOX) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALOT and FOX?
Over the past 3 years, ALOT and FOX moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.28 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -464.7 %².
FOX is close to the least connected end of ALOT's tracked universe, ranking #17 of 20. Correlation aside, the last 12 months split them widely, with ALOT ahead by 154.3 points (+166.5% versus +12.2%). One caveat on sizing: ALOT is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 FOX: side by side
| ALOT (AstroNova, Inc.) | FOX (Fox Corporation (Class B)) | |
|---|---|---|
| 1-year return | +166.5% | +12.2% |
| 5-year return | +89.7% | +88.7% |
| Volatility (ann.) | 57.8% | 28.5% |
| Beta vs S&P 500 | 0.80 | 0.58 |
| Max drawdown (3Y) | -61.3% | -34.1% |
| Market cap | $0.2B | $25.4B |
| P/E (trailing) | – | 16.2 |
| Dividend yield | 0.00% | 0.90% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | ALOT | FOX |
|---|---|---|
| 2022 | -5.0% | -15.8% |
| 2023 | +26.8% | -1.2% |
| 2024 | -26.1% | +68.3% |
| 2025 | -28.0% | +43.4% |
| 2026 | +235.1% | -6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALOT and FOX good diversifiers for each other?
Yes. With a correlation of -0.28, ALOT and FOX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALOT and FOX?
As of 2026-08-27, the correlation of weekly returns between ALOT and FOX is -0.28 over 3 years, -0.41 over 1 year and -0.20 over 5 years.
Is FOX a good diversifier for ALOT?
Yes. With a correlation of -0.28, ALOT and FOX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 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.
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Related comparisons
Hubs: ALOT correlations · FOX correlations
