ALOT vs GEG: Correlation
Measured on weekly returns over the past three years, AstroNova, Inc. (ALOT) and Great Elm Group, Inc. (GEG) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALOT and GEG?
Over the past 3 years, ALOT and GEG moved with a correlation of 0.29, which is weak. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.29). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 550.9 %².
Among the 20 assets we track against ALOT, GEG ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALOT outperformed by 176.9 percentage points (+166.5% for ALOT against -10.4% for GEG). Risk is not evenly split, since ALOT carries 1.8 times the volatility of the other side.
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 GEG: side by side
| ALOT (AstroNova, Inc.) | GEG (Great Elm Group, Inc.) | |
|---|---|---|
| 1-year return | +166.5% | -10.4% |
| 5-year return | +89.7% | -7.3% |
| Volatility (ann.) | 57.8% | 33.0% |
| Beta vs S&P 500 | 0.80 | 0.15 |
| Max drawdown (3Y) | -61.3% | -41.4% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALOT | GEG |
|---|---|---|
| 2022 | -5.0% | -3.3% |
| 2023 | +26.8% | -4.0% |
| 2024 | -26.1% | -6.7% |
| 2025 | -28.0% | +40.9% |
| 2026 | +235.1% | -15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALOT and GEG good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALOT and GEG?
As of 2026-08-27, the correlation of weekly returns between ALOT and GEG is 0.29 over 3 years, 0.54 over 1 year and 0.22 over 5 years.
Is GEG a good diversifier for ALOT?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alot-vs-geg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alot-vs-geg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALOT correlations · GEG correlations
