ATEX vs PLNT: Correlation
Measured on weekly returns over the past three years, Anterix Inc. (ATEX) and Planet Fitness, Inc. (PLNT) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATEX and PLNT?
Across a 3-year window, the weekly returns of ATEX and PLNT correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -434.0 %².
Among the 11 assets we track against ATEX, PLNT sits near the bottom by co-movement, at rank #9. The last year tells two different stories: ATEX led by 351.6 percentage points, +300.5% for ATEX 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.
ATEX vs PLNT: side by side
| ATEX (Anterix Inc.) | PLNT (Planet Fitness, Inc.) | |
|---|---|---|
| 1-year return | +300.5% | -51.1% |
| 5-year return | +66.1% | -36.6% |
| Volatility (ann.) | 57.8% | 39.0% |
| Beta vs S&P 500 | 0.47 | 0.42 |
| Max drawdown (3Y) | -57.3% | -61.2% |
| Market cap | $1.9B | $3.9B |
| P/E (trailing) | 27.1 | 17.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATEX | PLNT |
|---|---|---|
| 2022 | -45.3% | -13.0% |
| 2023 | +3.6% | -7.4% |
| 2024 | -8.0% | +35.4% |
| 2025 | -28.8% | +9.7% |
| 2026 | +333.7% | -52.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEX and PLNT good diversifiers for each other?
Yes. With a correlation of -0.19, ATEX and PLNT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ATEX and PLNT?
The ATEX/PLNT correlation stands at -0.19 on a 3-year window (1 year: -0.23, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is PLNT a good diversifier for ATEX?
Yes. With a correlation of -0.19, ATEX and PLNT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/atex-vs-plnt.json
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Related comparisons
Hubs: ATEX correlations · PLNT correlations
