ASTE vs PSMT: Correlation
Measured on weekly returns over the past three years, Astec Industries, Inc. (ASTE) and PriceSmart, Inc. (PSMT) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTE and PSMT?
Over the past 3 years, ASTE and PSMT moved with a correlation of 0.46, which is moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 488.7 %².
Within ASTE's tracked universe of 13 assets, PSMT comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PSMT ahead by 65.0 points (-5.9% versus +59.1%). One caveat on sizing: ASTE is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ASTE vs PSMT: side by side
| ASTE (Astec Industries, Inc.) | PSMT (PriceSmart, Inc.) | |
|---|---|---|
| 1-year return | -5.9% | +59.1% |
| 5-year return | -23.7% | +116.4% |
| Volatility (ann.) | 45.5% | 23.4% |
| Beta vs S&P 500 | 0.95 | 0.42 |
| Max drawdown (3Y) | -47.0% | -24.0% |
| Market cap | $1.0B | $5.3B |
| P/E (trailing) | 52.6 | 33.8 |
| Dividend yield | 1.18% | 0.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTE | PSMT |
|---|---|---|
| 2022 | -40.6% | -15.9% |
| 2023 | -7.3% | +26.2% |
| 2024 | -8.4% | +25.0% |
| 2025 | +30.6% | +34.8% |
| 2026 | +2.7% | +42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTE and PSMT good diversifiers for each other?
Reasonably. At 0.46, ASTE and PSMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASTE and PSMT?
As of 2026-08-27, the correlation of weekly returns between ASTE and PSMT is 0.46 over 3 years, 0.53 over 1 year and 0.40 over 5 years.
Is PSMT a good diversifier for ASTE?
Reasonably. At 0.46, ASTE and PSMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/aste-vs-psmt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aste-vs-psmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASTE correlations · PSMT correlations
