ATLC vs PIPR: Correlation
How closely do Atlanticus Holdings Corporation (ATLC) and Piper Sandler Companies (PIPR) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLC and PIPR?
Across a 3-year window, the weekly returns of ATLC and PIPR correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 957.3 %².
In ATLC's tracked universe of 13 assets, PIPR sits right near the top at #3. Correlation aside, the last 12 months split them widely, with ATLC ahead by 49.6 points (+40.4% versus -9.2%).
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.
ATLC vs PIPR: side by side
| ATLC (Atlanticus Holdings Corporation) | PIPR (Piper Sandler Companies) | |
|---|---|---|
| 1-year return | +40.4% | -9.2% |
| 5-year return | +58.2% | +143.0% |
| Volatility (ann.) | 49.7% | 33.6% |
| Beta vs S&P 500 | 1.55 | 1.35 |
| Max drawdown (3Y) | -39.5% | -38.8% |
| Market cap | $1.4B | $5.3B |
| P/E (trailing) | 12.1 | 17.3 |
| Dividend yield | 0.00% | 0.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATLC | PIPR |
|---|---|---|
| 2022 | -63.3% | -23.4% |
| 2023 | +47.6% | +37.8% |
| 2024 | +44.2% | +74.2% |
| 2025 | +20.0% | +15.5% |
| 2026 | +39.0% | -10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLC and PIPR good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ATLC and PIPR?
The ATLC/PIPR correlation stands at 0.57 on a 3-year window (1 year: 0.56, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is PIPR a good diversifier for ATLC?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ATLC correlations · PIPR correlations
