ALOT vs JRSH: Correlation
AstroNova, Inc. (ALOT) and Jerash Holdings (US), Inc. (JRSH) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALOT and JRSH?
Over the past 3 years, ALOT and JRSH moved with a correlation of 0.53, which is moderate. The link has tightened recently: the 1-year correlation (0.69) runs above the 3-year figure (0.53). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 855.9 %².
Few assets follow ALOT as closely as JRSH, which ranks #2 of 20 tracked partners. Their recent paths diverged sharply: over the last 12 months ALOT outperformed by 92.0 percentage points (+166.5% for ALOT against +74.5% for JRSH). One caveat on sizing: ALOT is 2.1 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 JRSH: side by side
| ALOT (AstroNova, Inc.) | JRSH (Jerash Holdings (US), Inc.) | |
|---|---|---|
| 1-year return | +166.5% | +74.5% |
| 5-year return | +89.7% | -9.0% |
| Volatility (ann.) | 57.8% | 27.8% |
| Beta vs S&P 500 | 0.80 | 0.45 |
| Max drawdown (3Y) | -61.3% | -25.2% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | 15.0 |
| Dividend yield | 0.00% | 3.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALOT | JRSH |
|---|---|---|
| 2022 | -5.0% | -37.6% |
| 2023 | +26.8% | -15.5% |
| 2024 | -26.1% | +17.2% |
| 2025 | -28.0% | -5.4% |
| 2026 | +235.1% | +89.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALOT and JRSH good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALOT and JRSH?
The ALOT/JRSH correlation stands at 0.53 on a 3-year window (1 year: 0.69, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is JRSH a good diversifier for ALOT?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alot-vs-jrsh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alot-vs-jrsh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALOT correlations · JRSH correlations
