A vs SDA: Correlation
How closely do Agilent Technologies (A) and SunCar Technology Group Inc. (SDA) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are A and SDA?
Over the past 3 years, A and SDA moved with a correlation of 0.33, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.33 over 3. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 872.1 %².
Among the 33 assets we track against A, SDA ranks #23 by 3-year correlation. The last year tells two different stories: A led by 104.6 percentage points, +33.9% for A against -70.7% for SDA. Note the risk asymmetry: SDA runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SDA: side by side
| A (Agilent Technologies) | SDA (SunCar Technology Group Inc.) | |
|---|---|---|
| 1-year return | +33.9% | -70.7% |
| 5-year return | -7.5% | -92.6% |
| Volatility (ann.) | 31.0% | 84.1% |
| Beta vs S&P 500 | 0.98 | 0.35 |
| Max drawdown (3Y) | -35.3% | -95.7% |
| Market cap | $44.5B | $0.1B |
| P/E (trailing) | 30.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | A | SDA |
|---|---|---|
| 2022 | -5.5% | +4.3% |
| 2023 | -6.4% | -20.3% |
| 2024 | -2.7% | +17.0% |
| 2025 | +1.9% | -79.1% |
| 2026 | +16.6% | -63.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are A and SDA good diversifiers for each other?
Reasonably. At 0.33, A and SDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between A and SDA?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.40 over the last year and 0.17 over 5 years.
Is SDA a good diversifier for A?
Reasonably. At 0.33, A and SDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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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Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/a-vs-sda/)
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Related comparisons
Hubs: A correlations · SDA correlations
