A vs VEEV: Correlation
Measured on weekly returns over the past three years, Agilent Technologies (A) and Veeva Systems (VEEV) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are A and VEEV?
Across a 3-year window, the weekly returns of A and VEEV correlate at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 474.0 %².
Within A's tracked universe of 33 assets, VEEV comes in at #22 by 3-year correlation. The last year tells two different stories: A led by 37.8 percentage points, +33.9% for A against -3.9% for VEEV. Across three years, the rolling one-year figure varied moderately, from 0.24 to 0.55.
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 VEEV: side by side
| A (Agilent Technologies) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | +33.9% | -3.9% |
| 5-year return | -7.5% | -15.2% |
| Volatility (ann.) | 31.0% | 40.0% |
| Beta vs S&P 500 | 0.98 | 0.99 |
| Max drawdown (3Y) | -35.3% | -50.5% |
| Market cap | $44.5B | $45.8B |
| P/E (trailing) | 30.6 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | A | VEEV |
|---|---|---|
| 2022 | -5.5% | -36.8% |
| 2023 | -6.4% | +19.3% |
| 2024 | -2.7% | +9.2% |
| 2025 | +1.9% | +6.2% |
| 2026 | +16.6% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are A and VEEV good diversifiers for each other?
Reasonably. At 0.38, A and VEEV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between A and VEEV?
The A/VEEV correlation stands at 0.38 on a 3-year window (1 year: 0.34, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is VEEV a good diversifier for A?
Reasonably. At 0.38, A and VEEV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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/a-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: A correlations · VEEV correlations
