AFCG vs CGNT: Correlation
Advanced Flower Capital Inc. (AFCG) and Cognyte Software Ltd. (CGNT) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFCG and CGNT?
On 3 years of weekly data the AFCG/CGNT correlation comes out at 0.42, moderate. The link has tightened recently: the 1-year correlation (0.58) runs above the 3-year figure (0.42). The 5-year figure is 0.29, and annualized covariance runs at 942.7 %².
Few assets follow AFCG as closely as CGNT, which ranks #3 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months CGNT outperformed by 29.9 percentage points (-26.5% for AFCG against +3.4% for CGNT).
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.
AFCG vs CGNT: side by side
| AFCG (Advanced Flower Capital Inc.) | CGNT (Cognyte Software Ltd.) | |
|---|---|---|
| 1-year return | -26.5% | +3.4% |
| 5-year return | -55.2% | -67.0% |
| Volatility (ann.) | 45.5% | 49.0% |
| Beta vs S&P 500 | 1.01 | 1.00 |
| Max drawdown (3Y) | -76.9% | -44.3% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | 18.1 | – |
| Dividend yield | 7.25% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFCG | CGNT |
|---|---|---|
| 2022 | -21.2% | -80.2% |
| 2023 | -10.5% | +106.8% |
| 2024 | +18.7% | +34.5% |
| 2025 | -61.9% | +8.7% |
| 2026 | +25.0% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFCG and CGNT good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AFCG and CGNT?
The AFCG/CGNT correlation stands at 0.42 on a 3-year window (1 year: 0.58, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is CGNT a good diversifier for AFCG?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/afcg-vs-cgnt.json
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Related comparisons
Hubs: AFCG correlations · CGNT correlations
