ALOT vs FOXA: Correlation
Measured on weekly returns over the past three years, AstroNova, Inc. (ALOT) and Fox Corporation (Class A) (FOXA) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALOT and FOXA?
On 3 years of weekly data the ALOT/FOXA correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.29 over 3 years. The 5-year figure is -0.20, and annualized covariance runs at -487.4 %².
Out of 20 assets tracked against ALOT, FOXA lands near the bottom at #18. Their recent paths diverged sharply: over the last 12 months ALOT outperformed by 152.5 percentage points (+166.5% for ALOT against +14.0% for FOXA). 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 FOXA: side by side
| ALOT (AstroNova, Inc.) | FOXA (Fox Corporation (Class A)) | |
|---|---|---|
| 1-year return | +166.5% | +14.0% |
| 5-year return | +89.7% | +93.4% |
| Volatility (ann.) | 57.8% | 29.3% |
| Beta vs S&P 500 | 0.80 | 0.56 |
| Max drawdown (3Y) | -61.3% | -35.6% |
| Market cap | $0.2B | $28.3B |
| P/E (trailing) | – | 18.1 |
| Dividend yield | 0.00% | 0.80% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | ALOT | FOXA |
|---|---|---|
| 2022 | -5.0% | -16.6% |
| 2023 | +26.8% | -0.8% |
| 2024 | -26.1% | +66.3% |
| 2025 | -28.0% | +51.8% |
| 2026 | +235.1% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALOT and FOXA good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALOT and FOXA?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.41 over the last year and -0.20 over 5 years.
Is FOXA a good diversifier for ALOT?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ALOT correlations · FOXA correlations
