DAKT vs PW: Correlation
How closely do Daktronics, Inc. (DAKT) and Power REIT (MD) (PW) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAKT and PW?
Across a 3-year window, the weekly returns of DAKT and PW correlate at 0.29, weak. Lately the two have drifted apart, with the 1-year correlation at -0.02 versus 0.29 over 3 years. Stretching to 5 years gives 0.26, with an annualized covariance of 1844.5 %².
Among the 11 assets we track against DAKT, PW sits near the bottom by co-movement, at rank #8. The last year tells two different stories: DAKT led by 66.3 percentage points, +13.5% for DAKT against -52.8% for PW. One caveat on sizing: PW is 2.4 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.
DAKT vs PW: side by side
| DAKT (Daktronics, Inc.) | PW (Power REIT (MD)) | |
|---|---|---|
| 1-year return | +13.5% | -52.8% |
| 5-year return | +222.0% | -98.2% |
| Volatility (ann.) | 51.5% | 123.7% |
| Beta vs S&P 500 | 1.28 | 0.51 |
| Max drawdown (3Y) | -42.0% | -79.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 21.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAKT | PW |
|---|---|---|
| 2022 | -44.2% | -94.3% |
| 2023 | +200.7% | -83.5% |
| 2024 | +98.8% | +104.6% |
| 2025 | +17.3% | -33.8% |
| 2026 | -0.8% | -12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAKT and PW good diversifiers for each other?
Reasonably. At 0.29, DAKT and PW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DAKT and PW?
As of 2026-08-27, the correlation of weekly returns between DAKT and PW is 0.29 over 3 years, -0.02 over 1 year and 0.26 over 5 years.
Is PW a good diversifier for DAKT?
Reasonably. At 0.29, DAKT and PW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 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/dakt-vs-pw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dakt-vs-pw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DAKT correlations · PW correlations
