ARCB vs PAL: Correlation
Measured on weekly returns over the past three years, ArcBest Corporation (ARCB) and Proficient Auto Logistics, Inc. (PAL) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARCB and PAL?
Across a 3-year window, the weekly returns of ARCB and PAL correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 1788.8 %².
Within ARCB's tracked universe of 18 assets, PAL comes in at #12 by 3-year correlation. The last year tells two different stories: ARCB led by 124.5 percentage points, +90.2% for ARCB against -34.3% for PAL. Risk is not evenly split, since PAL carries 1.7 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.
ARCB vs PAL: side by side
| ARCB (ArcBest Corporation) | PAL (Proficient Auto Logistics, Inc.) | |
|---|---|---|
| 1-year return | +90.2% | -34.3% |
| 5-year return | +107.2% | n/a |
| Volatility (ann.) | 46.8% | 79.8% |
| Beta vs S&P 500 | 1.33 | 1.84 |
| Max drawdown (3Y) | -62.4% | -76.0% |
| Market cap | $3.1B | $0.2B |
| P/E (trailing) | 198.7 | – |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARCB | PAL |
|---|---|---|
| 2022 | -41.2% | – |
| 2023 | +72.4% | – |
| 2024 | -22.1% | – |
| 2025 | -20.0% | +19.5% |
| 2026 | +88.1% | -44.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARCB and PAL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARCB and PAL?
The ARCB/PAL correlation stands at 0.47 on a 3-year window (1 year: 0.49, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PAL a good diversifier for ARCB?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arcb-vs-pal.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arcb-vs-pal/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARCB correlations · PAL correlations
