ALP vs WOR: Correlation
Alpha Compute Corp (ALP) and Worthington Enterprises, Inc. (WOR) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALP and WOR?
On 3 years of weekly data the ALP/WOR correlation comes out at 0.32, moderate. The link has loosened recently: the 1-year correlation (0.04) runs below the 3-year figure (0.32). The 5-year figure is 0.25, and annualized covariance runs at 2193.1 %².
In ALP's tracked universe of 10 assets, WOR sits right near the top at #3. Correlation aside, the last 12 months split them widely, with WOR ahead by 84.5 points (-97.6% versus -13.1%). Risk is not evenly split, since ALP carries 5.6 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.
ALP vs WOR: side by side
| ALP (Alpha Compute Corp) | WOR (Worthington Enterprises, Inc.) | |
|---|---|---|
| 1-year return | -97.6% | -13.1% |
| 5-year return | -100.0% | +73.3% |
| Volatility (ann.) | 195.0% | 34.7% |
| Beta vs S&P 500 | 1.99 | 0.83 |
| Max drawdown (3Y) | -99.8% | -42.4% |
| Market cap | – | $2.8B |
| P/E (trailing) | – | 18.5 |
| Dividend yield | 0.00% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALP | WOR |
|---|---|---|
| 2022 | -50.7% | -6.9% |
| 2023 | -65.6% | +91.6% |
| 2024 | -85.8% | -29.3% |
| 2025 | -88.4% | +30.3% |
| 2026 | -70.6% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALP and WOR good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALP and WOR?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.04 over the last year and 0.25 over 5 years.
Is WOR a good diversifier for ALP?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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/alp-vs-wor.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alp-vs-wor/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALP correlations · WOR correlations
