AFYA vs STNE: Correlation
How closely do Afya Limited - Class A (AFYA) and StoneCo Ltd. - Class A Common Share (STNE) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFYA and STNE?
On 3 years of weekly data the AFYA/STNE correlation comes out at 0.39, moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.39). The 5-year figure is 0.43, and annualized covariance runs at 567.2 %².
Among the 10 assets we track against AFYA, STNE ranks #4 by 3-year correlation. The last year tells two different stories: AFYA led by 26.3 percentage points, -1.0% for AFYA against -27.3% for STNE. Risk is not evenly split, since STNE carries 1.6 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.
AFYA vs STNE: side by side
| AFYA (Afya Limited - Class A) | STNE (StoneCo Ltd. - Class A Common Share) | |
|---|---|---|
| 1-year return | -1.0% | -27.3% |
| 5-year return | -27.6% | -76.6% |
| Volatility (ann.) | 30.2% | 48.1% |
| Beta vs S&P 500 | 0.56 | 1.41 |
| Max drawdown (3Y) | -40.4% | -57.6% |
| Market cap | $1.3B | $2.2B |
| P/E (trailing) | 8.5 | 3.7 |
| Dividend yield | 23.89% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFYA | STNE |
|---|---|---|
| 2022 | -0.6% | -44.0% |
| 2023 | +40.4% | +91.0% |
| 2024 | -27.6% | -55.8% |
| 2025 | -1.7% | +85.6% |
| 2026 | -3.0% | -21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFYA and STNE good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AFYA and STNE?
As of 2026-08-27, the correlation of weekly returns between AFYA and STNE is 0.39 over 3 years, 0.22 over 1 year and 0.43 over 5 years.
Is STNE a good diversifier for AFYA?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/afya-vs-stne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/afya-vs-stne/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AFYA correlations · STNE correlations
