ALOT vs KR: Correlation
How closely do AstroNova, Inc. (ALOT) and Kroger (KR) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALOT and KR?
On 3 years of weekly data the ALOT/KR correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.30). The 5-year figure is -0.17, and annualized covariance runs at -405.9 %².
Among the 20 assets we track against ALOT, KR sits near the bottom by co-movement, at rank #19. Correlation aside, the last 12 months split them widely, with ALOT ahead by 180.9 points (+166.5% versus -14.4%). Note the risk asymmetry: ALOT runs 2.5 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 KR: side by side
| ALOT (AstroNova, Inc.) | KR (Kroger) | |
|---|---|---|
| 1-year return | +166.5% | -14.4% |
| 5-year return | +89.7% | +37.3% |
| Volatility (ann.) | 57.8% | 23.4% |
| Beta vs S&P 500 | 0.80 | -0.16 |
| Max drawdown (3Y) | -61.3% | -26.2% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 33.3 |
| Dividend yield | 0.00% | 1.79% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | ALOT | KR |
|---|---|---|
| 2022 | -5.0% | +0.4% |
| 2023 | +26.8% | +5.0% |
| 2024 | -26.1% | +36.9% |
| 2025 | -28.0% | +4.3% |
| 2026 | +235.1% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALOT and KR good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALOT and KR?
The ALOT/KR correlation stands at -0.30 on a 3-year window (1 year: -0.45, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is KR a good diversifier for ALOT?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 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 · KR correlations
