APT vs PLNT: Correlation
How closely do Alpha Pro Tech, Ltd. (APT) and Planet Fitness, Inc. (PLNT) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APT and PLNT?
On 3 years of weekly data the APT/PLNT correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.56) than the 3-year average (-0.25). The 5-year figure is -0.18, and annualized covariance runs at -402.5 %².
Out of 12 assets tracked against APT, PLNT lands near the bottom at #11. The last year tells two different stories: APT led by 63.9 percentage points, +12.8% for APT against -51.1% for PLNT.
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.
APT vs PLNT: side by side
| APT (Alpha Pro Tech, Ltd.) | PLNT (Planet Fitness, Inc.) | |
|---|---|---|
| 1-year return | +12.8% | -51.1% |
| 5-year return | -33.5% | -36.6% |
| Volatility (ann.) | 42.0% | 39.0% |
| Beta vs S&P 500 | 0.65 | 0.42 |
| Max drawdown (3Y) | -39.0% | -61.2% |
| Market cap | $0.1B | $3.9B |
| P/E (trailing) | 14.0 | 17.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APT | PLNT |
|---|---|---|
| 2022 | -32.7% | -13.0% |
| 2023 | +31.6% | -7.4% |
| 2024 | +0.0% | +35.4% |
| 2025 | -16.1% | +9.7% |
| 2026 | +23.2% | -52.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APT and PLNT good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between APT and PLNT?
The APT/PLNT correlation stands at -0.25 on a 3-year window (1 year: -0.56, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is PLNT a good diversifier for APT?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apt-vs-plnt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apt-vs-plnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APT correlations · PLNT correlations
