ALTO vs TKC: Correlation
How closely do Alto Ingredients, Inc. (ALTO) and Turkcell Iletisim Hizmetleri AS (TKC) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALTO and TKC?
On 3 years of weekly data the ALTO/TKC correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.27). The 5-year figure is -0.15, and annualized covariance runs at -823.0 %².
Among the 15 assets we track against ALTO, TKC sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months ALTO outperformed by 302.1 percentage points (+289.5% for ALTO against -12.6% for TKC). Risk is not evenly split, since ALTO carries 2.8 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.
ALTO vs TKC: side by side
| ALTO (Alto Ingredients, Inc.) | TKC (Turkcell Iletisim Hizmetleri AS) | |
|---|---|---|
| 1-year return | +289.5% | -12.6% |
| 5-year return | -16.4% | +30.6% |
| Volatility (ann.) | 93.7% | 32.9% |
| Beta vs S&P 500 | 0.15 | 0.45 |
| Max drawdown (3Y) | -84.1% | -28.5% |
| Market cap | $0.3B | $4.7B |
| P/E (trailing) | 6.1 | 12.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALTO | TKC |
|---|---|---|
| 2022 | -40.1% | +38.2% |
| 2023 | -7.6% | +2.5% |
| 2024 | -41.4% | +44.5% |
| 2025 | +84.6% | -14.3% |
| 2026 | +42.0% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALTO and TKC good diversifiers for each other?
Yes. With a correlation of -0.27, ALTO and TKC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALTO and TKC?
As of 2026-08-27, the correlation of weekly returns between ALTO and TKC is -0.27 over 3 years, -0.41 over 1 year and -0.15 over 5 years.
Is TKC a good diversifier for ALTO?
Yes. With a correlation of -0.27, ALTO and TKC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/alto-vs-tkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alto-vs-tkc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALTO correlations · TKC correlations
