PAL vs STKE: Correlation
Measured on weekly returns over the past three years, Proficient Auto Logistics, Inc. (PAL) and Sol Strategies Inc. (STKE) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAL and STKE?
On 3 years of weekly data the PAL/STKE correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -2792.0 %².
Among the 15 assets we track against PAL, STKE ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PAL outperformed by 47.7 percentage points (-34.3% for PAL against -82.0% for STKE). One caveat on sizing: STKE 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.
PAL vs STKE: side by side
| PAL (Proficient Auto Logistics, Inc.) | STKE (Sol Strategies Inc.) | |
|---|---|---|
| 1-year return | -34.3% | -82.0% |
| 5-year return | n/a | +19.6% |
| Volatility (ann.) | 79.8% | 187.9% |
| Beta vs S&P 500 | 1.84 | 3.39 |
| Max drawdown (3Y) | -76.0% | -97.4% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAL | STKE |
|---|---|---|
| 2022 | – | -63.5% |
| 2023 | – | +62.0% |
| 2024 | – | +2467.9% |
| 2025 | +19.5% | -90.8% |
| 2026 | -44.3% | -12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAL and STKE good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between PAL and STKE?
The PAL/STKE correlation stands at -0.18 on a 3-year window (1 year: -0.20, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is STKE a good diversifier for PAL?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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.
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Related comparisons
Hubs: PAL correlations · STKE correlations
