AFRM vs AUDC: Correlation
How closely do Affirm Holdings, Inc. (AFRM) and AudioCodes Ltd. (AUDC) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFRM and AUDC?
Over the past 3 years, AFRM and AUDC moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 1656.8 %².
Within AFRM's tracked universe of 17 assets, AUDC comes in at #12 by 3-year correlation. On 12-month performance AUDC holds a 14.0-point edge, -0.1% against +13.9%. Note the risk asymmetry: AFRM runs 1.6 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.
AFRM vs AUDC: side by side
| AFRM (Affirm Holdings, Inc.) | AUDC (AudioCodes Ltd.) | |
|---|---|---|
| 1-year return | -0.1% | +13.9% |
| 5-year return | -22.2% | -62.9% |
| Volatility (ann.) | 75.0% | 45.8% |
| Beta vs S&P 500 | 2.77 | 1.24 |
| Max drawdown (3Y) | -55.9% | -46.4% |
| Market cap | $26.0B | $0.2B |
| P/E (trailing) | 69.2 | 40.9 |
| Dividend yield | 0.00% | 3.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFRM | AUDC |
|---|---|---|
| 2022 | -90.4% | -47.8% |
| 2023 | +408.2% | -30.7% |
| 2024 | +23.9% | -16.8% |
| 2025 | +22.2% | -7.1% |
| 2026 | +4.1% | +22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFRM and AUDC good diversifiers for each other?
Reasonably. At 0.48, AFRM and AUDC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AFRM and AUDC?
As of 2026-08-27, the correlation of weekly returns between AFRM and AUDC is 0.48 over 3 years, 0.41 over 1 year and 0.40 over 5 years.
Is AUDC a good diversifier for AFRM?
Reasonably. At 0.48, AFRM and AUDC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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/afrm-vs-audc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/afrm-vs-audc/)
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Related comparisons
Hubs: AFRM correlations · AUDC correlations
