AOUT vs. ALK
AOUT (American Outdoor Brands, Inc.) and ALK (Alaska Air Group, Inc.) are both stocks. AOUT operates in Leisure (Consumer Cyclical), while ALK operates in Airlines (Industrials). Over the past 5 years, AOUT returned -20.97%/yr vs -4.99%/yr for ALK. At a 0.28 correlation, their price movements are largely independent.
Performance
AOUT vs. ALK - Performance Comparison
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Returns By Period
In the year-to-date period, AOUT achieves a 31.57% return, which is significantly higher than ALK's -2.17% return.
AOUT
- 1D
- 2.01%
- 1M
- 5.94%
- YTD
- 31.57%
- 6M
- 23.87%
- 1Y
- -2.49%
- 3Y*
- 9.96%
- 5Y*
- -20.97%
- 10Y*
- —
ALK
- 1D
- 0.84%
- 1M
- 19.04%
- YTD
- -2.17%
- 6M
- -3.85%
- 1Y
- 3.10%
- 3Y*
- -0.03%
- 5Y*
- -4.99%
- 10Y*
- -0.67%
AOUT vs. ALK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AOUT American Outdoor Brands, Inc. | 31.57% | -49.28% | 81.43% | -16.17% | -49.72% | 17.03% | -6.33% |
ALK Alaska Air Group, Inc. | -2.17% | -22.32% | 65.73% | -9.01% | -17.58% | 0.19% | 45.37% |
Correlation
The correlation between AOUT and ALK is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2020 | 0.28 |
The correlation between AOUT and ALK shifts across timeframes, from 0.28 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
AOUT:
$127.62M
ALK:
$5.62B
AOUT:
-$0.77
ALK:
$0.61
AOUT:
0.63
ALK:
0.41
AOUT:
0.77
ALK:
1.51
AOUT:
$205.42M
ALK:
$14.40B
AOUT:
$88.44M
ALK:
$11.07B
AOUT:
$386.00K
ALK:
$1.02B
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Return for Risk
AOUT vs. ALK — Risk / Return Rank
AOUT
ALK
AOUT vs. ALK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Outdoor Brands, Inc. (AOUT) and Alaska Air Group, Inc. (ALK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AOUT | ALK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.05 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.07 | -0.12 |
| Martin ratioReturn relative to average drawdown | -0.09 | 0.12 | -0.21 |
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Drawdowns
AOUT vs. ALK - Drawdown Comparison
The maximum AOUT drawdown since its inception was -82.35%, which is greater than ALK's maximum drawdown of -75.76%. Use the drawdown chart below to compare losses from any high point for AOUT and ALK.
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Drawdown Indicators
| AOUT | ALK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.35% | -75.76% | -6.59% |
Max Drawdown (1Y)Largest decline over 1 year | -46.82% | -46.46% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -64.19% | -55.37% | -8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -82.35% | -55.37% | -26.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.06% | — |
Current DrawdownCurrent decline from peak | -71.77% | -47.91% | -23.86% |
Average DrawdownAverage peak-to-trough decline | -59.61% | -27.86% | -31.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.43% | 25.84% | +1.59% |
Volatility
AOUT vs. ALK - Volatility Comparison
The current volatility for American Outdoor Brands, Inc. (AOUT) is 10.67%, while Alaska Air Group, Inc. (ALK) has a volatility of 19.02%. This indicates that AOUT experiences smaller price fluctuations and is considered to be less risky than ALK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOUT | ALK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.67% | 19.02% | -8.35% |
Volatility (6M)Calculated over the trailing 6-month period | 31.60% | 41.36% | -9.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.68% | 51.66% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.36% | 42.87% | +6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.81% | 43.59% | +8.22% |
Dividends
AOUT vs. ALK - Dividend Comparison
Neither AOUT nor ALK has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALK Alaska Air Group, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.72% | 2.07% | 2.10% | 1.63% | 1.24% | 0.99% |
AOUT American Outdoor Brands, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AOUT vs. ALK - Financials Comparison
This section allows you to compare key financial metrics between American Outdoor Brands, Inc. and Alaska Air Group, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AOUT vs. ALK - Profitability Comparison
AOUT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Outdoor Brands, Inc. reported a gross profit of 23.18M and revenue of 56.58M. Therefore, the gross margin over that period was 41.0%.
ALK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alaska Air Group, Inc. reported a gross profit of 3.09B and revenue of 3.30B. Therefore, the gross margin over that period was 93.6%.
AOUT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Outdoor Brands, Inc. reported an operating income of -3.91M and revenue of 56.58M, resulting in an operating margin of -6.9%.
ALK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alaska Air Group, Inc. reported an operating income of -279.00M and revenue of 3.30B, resulting in an operating margin of -8.5%.
AOUT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Outdoor Brands, Inc. reported a net income of -4.07M and revenue of 56.58M, resulting in a net margin of -7.2%.
ALK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alaska Air Group, Inc. reported a net income of -193.00M and revenue of 3.30B, resulting in a net margin of -5.9%.
Frequently Asked Questions
AOUT and ALK have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALK has higher volatility (19.02%) compared to AOUT (10.67%). In terms of maximum drawdown, AOUT dropped -82.35% vs ALK's -75.76%.
ALK currently has the higher Sharpe Ratio (0.06 vs -0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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