ACN vs CLWT: Correlation
Measured on weekly returns over the past three years, Accenture (ACN) and Euro Tech Holdings Company Limited (CLWT) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACN and CLWT?
Over the past 3 years, ACN and CLWT moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.22). Over 5 years the correlation is -0.00, and the annualized covariance of weekly returns is -351.1 %².
By 3-year correlation, CLWT places #31 of the 37 assets tracked against ACN. Their recent paths diverged sharply: over the last 12 months CLWT outperformed by 48.0 percentage points (-25.6% for ACN against +22.4% for CLWT). One caveat on sizing: CLWT is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ACN vs CLWT: side by side
| ACN (Accenture) | CLWT (Euro Tech Holdings Company Limited) | |
|---|---|---|
| 1-year return | -25.6% | +22.4% |
| 5-year return | -39.6% | -52.6% |
| Volatility (ann.) | 32.6% | 49.8% |
| Beta vs S&P 500 | 0.69 | 0.40 |
| Max drawdown (3Y) | -68.2% | -44.3% |
| Market cap | $114.7B | – |
| P/E (trailing) | 14.5 | 83.2 |
| Dividend yield | 3.59% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ACN | CLWT |
|---|---|---|
| 2022 | -34.8% | -53.6% |
| 2023 | +33.6% | +14.7% |
| 2024 | +1.9% | -11.2% |
| 2025 | -22.6% | -13.7% |
| 2026 | -28.7% | +38.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACN and CLWT good diversifiers for each other?
Yes. With a correlation of -0.22, ACN and CLWT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACN and CLWT?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.42 over the last year and -0.00 over 5 years.
Is CLWT a good diversifier for ACN?
Yes. With a correlation of -0.22, ACN and CLWT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/acn-vs-clwt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acn-vs-clwt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACN correlations · CLWT correlations
