MPAA vs PAL: Correlation
How closely do Motorcar Parts of America, Inc. (MPAA) and Proficient Auto Logistics, Inc. (PAL) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPAA and PAL?
On 3 years of weekly data the MPAA/PAL correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.50 over 3. The 5-year figure is n/a, and annualized covariance runs at 2954.8 %².
In MPAA's tracked universe of 12 assets, PAL sits right near the top at #3. The trailing year gives MPAA the advantage: -23.6% versus -34.3%, a 10.7-point spread.
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.
MPAA vs PAL: side by side
| MPAA (Motorcar Parts of America, Inc.) | PAL (Proficient Auto Logistics, Inc.) | |
|---|---|---|
| 1-year return | -23.6% | -34.3% |
| 5-year return | -42.5% | n/a |
| Volatility (ann.) | 69.6% | 79.8% |
| Beta vs S&P 500 | 1.42 | 1.84 |
| Max drawdown (3Y) | -53.3% | -76.0% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MPAA | PAL |
|---|---|---|
| 2022 | -30.5% | – |
| 2023 | -21.2% | – |
| 2024 | -18.6% | – |
| 2025 | +62.4% | +19.5% |
| 2026 | -7.0% | -44.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPAA and PAL good diversifiers for each other?
To a limited degree. At 0.50 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 MPAA and PAL?
The MPAA/PAL correlation stands at 0.50 on a 3-year window (1 year: 0.48, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PAL a good diversifier for MPAA?
To a limited degree. At 0.50 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 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mpaa-vs-pal.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mpaa-vs-pal/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MPAA correlations · PAL correlations
