A vs AZTA: Correlation
How closely do Agilent Technologies (A) and Azenta, Inc. (AZTA) 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 A and AZTA?
Across a 3-year window, the weekly returns of A and AZTA correlate at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 910.7 %².
Among the 33 assets we track against A, AZTA ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with A ahead by 22.6 points (+33.9% versus +11.3%). Risk is not evenly split, since AZTA carries 1.7 times the volatility of the other side.
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.
A vs AZTA: side by side
| A (Agilent Technologies) | AZTA (Azenta, Inc.) | |
|---|---|---|
| 1-year return | +33.9% | +11.3% |
| 5-year return | -7.5% | -60.4% |
| Volatility (ann.) | 31.0% | 51.4% |
| Beta vs S&P 500 | 0.98 | 1.08 |
| Max drawdown (3Y) | -35.3% | -76.3% |
| Market cap | $44.5B | $1.5B |
| P/E (trailing) | 30.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | A | AZTA |
|---|---|---|
| 2022 | -5.5% | -43.5% |
| 2023 | -6.4% | +11.9% |
| 2024 | -2.7% | -23.2% |
| 2025 | +1.9% | -33.5% |
| 2026 | +16.6% | +1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are A and AZTA good diversifiers for each other?
Only partially. A correlation of 0.57 means A and AZTA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between A and AZTA?
The A/AZTA correlation stands at 0.57 on a 3-year window (1 year: 0.58, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is AZTA a good diversifier for A?
Only partially. A correlation of 0.57 means A and AZTA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/a-vs-azta.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/a-vs-azta/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: A correlations · AZTA correlations
