ACEL vs CIRC: Correlation
Measured on weekly returns over the past three years, Accel Entertainment, Inc. (ACEL) and Circle8 Group, Inc. (CIRC) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACEL and CIRC?
Across a 3-year window, the weekly returns of ACEL and CIRC correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.24 over 3. Stretching to 5 years gives -0.11, with an annualized covariance of -1401.6 %².
Among the 16 assets we track against ACEL, CIRC sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months ACEL outperformed by 84.8 percentage points (+1.3% for ACEL against -83.5% for CIRC). Risk is not evenly split, since CIRC carries 7.4 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.
ACEL vs CIRC: side by side
| ACEL (Accel Entertainment, Inc.) | CIRC (Circle8 Group, Inc.) | |
|---|---|---|
| 1-year return | +1.3% | -83.5% |
| 5-year return | +1.6% | -99.7% |
| Volatility (ann.) | 28.0% | 207.6% |
| Beta vs S&P 500 | 0.73 | -0.24 |
| Max drawdown (3Y) | -26.0% | -98.0% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACEL | CIRC |
|---|---|---|
| 2022 | -40.9% | -84.4% |
| 2023 | +33.4% | -64.5% |
| 2024 | +4.0% | +18.2% |
| 2025 | +6.8% | -72.7% |
| 2026 | +2.5% | -46.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACEL and CIRC good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACEL and CIRC?
As of 2026-08-27, the correlation of weekly returns between ACEL and CIRC is -0.24 over 3 years, -0.33 over 1 year and -0.11 over 5 years.
Is CIRC a good diversifier for ACEL?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acel-vs-circ.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acel-vs-circ/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACEL correlations · CIRC correlations
