ALTG vs NSYS: Correlation
Measured on weekly returns over the past three years, Alta Equipment Group Inc. (ALTG) and Nortech Systems Incorporated (NSYS) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALTG and NSYS?
On 3 years of weekly data the ALTG/NSYS correlation comes out at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. The 5-year figure is 0.25, and annualized covariance runs at 1096.0 %².
Out of 12 assets tracked against ALTG, NSYS lands near the bottom at #9. The last year tells two different stories: NSYS led by 62.5 percentage points, -25.9% for ALTG against +36.6% for NSYS.
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.
ALTG vs NSYS: side by side
| ALTG (Alta Equipment Group Inc.) | NSYS (Nortech Systems Incorporated) | |
|---|---|---|
| 1-year return | -25.9% | +36.6% |
| 5-year return | -50.0% | -4.7% |
| Volatility (ann.) | 65.4% | 52.5% |
| Beta vs S&P 500 | 2.11 | 0.23 |
| Max drawdown (3Y) | -71.8% | -62.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 34.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALTG | NSYS |
|---|---|---|
| 2022 | -9.1% | +18.4% |
| 2023 | -4.7% | -23.1% |
| 2024 | -45.5% | +9.2% |
| 2025 | -28.4% | -27.8% |
| 2026 | +34.3% | +65.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALTG and NSYS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALTG and NSYS?
As of 2026-08-27, the correlation of weekly returns between ALTG and NSYS is 0.32 over 3 years, 0.36 over 1 year and 0.25 over 5 years.
Is NSYS a good diversifier for ALTG?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
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/altg-vs-nsys.json
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Related comparisons
Hubs: ALTG correlations · NSYS correlations
