ALOT vs RTB: Correlation
Measured on weekly returns over the past three years, AstroNova, Inc. (ALOT) and RTB Digital, Inc. (RTB) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALOT and RTB?
Across a 3-year window, the weekly returns of ALOT and RTB correlate at 0.37, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.37 over 3 years. Stretching to 5 years gives 0.33, with an annualized covariance of 3181.3 %².
Within ALOT's tracked universe of 20 assets, RTB comes in at #7 by 3-year correlation. The last year tells two different stories: ALOT led by 151.0 percentage points, +166.5% for ALOT against +15.5% for RTB. Risk is not evenly split, since RTB carries 2.6 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 RTB: side by side
| ALOT (AstroNova, Inc.) | RTB (RTB Digital, Inc.) | |
|---|---|---|
| 1-year return | +166.5% | +15.5% |
| 5-year return | +89.7% | -99.6% |
| Volatility (ann.) | 57.8% | 150.2% |
| Beta vs S&P 500 | 0.80 | 2.93 |
| Max drawdown (3Y) | -61.3% | -99.2% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALOT | RTB |
|---|---|---|
| 2022 | -5.0% | -89.0% |
| 2023 | +26.8% | -9.6% |
| 2024 | -26.1% | -68.8% |
| 2025 | -28.0% | -87.7% |
| 2026 | +235.1% | +131.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALOT and RTB good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALOT and RTB?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.59 over the last year and 0.33 over 5 years.
Is RTB a good diversifier for ALOT?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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-rtb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alot-vs-rtb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALOT correlations · RTB correlations
