ASLE vs PLX: Correlation
How closely do AerSale Corporation (ASLE) and Protalix BioTherapeutics, Inc. (DE) (PLX) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASLE and PLX?
Over the past 3 years, ASLE and PLX moved with a correlation of 0.36, which is moderate. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 1135.9 %².
By 3-year correlation, PLX places #7 of the 12 assets tracked against ASLE. Their recent paths diverged sharply: over the last 12 months PLX outperformed by 98.7 percentage points (-35.6% for ASLE against +63.1% for PLX).
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.
ASLE vs PLX: side by side
| ASLE (AerSale Corporation) | PLX (Protalix BioTherapeutics, Inc. (DE)) | |
|---|---|---|
| 1-year return | -35.6% | +63.1% |
| 5-year return | -57.7% | +66.2% |
| Volatility (ann.) | 48.5% | 65.1% |
| Beta vs S&P 500 | 0.91 | 0.87 |
| Max drawdown (3Y) | -72.2% | -56.0% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | – | 11.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASLE | PLX |
|---|---|---|
| 2022 | -8.6% | +65.1% |
| 2023 | -21.7% | +29.9% |
| 2024 | -50.4% | +5.6% |
| 2025 | +12.9% | -4.3% |
| 2026 | -20.5% | +45.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASLE and PLX good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASLE and PLX?
The ASLE/PLX correlation stands at 0.36 on a 3-year window (1 year: 0.29, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is PLX a good diversifier for ASLE?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/asle-vs-plx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asle-vs-plx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASLE correlations · PLX correlations
