AGIG vs CGNT: Correlation
How closely do Abundia Global Impact Group Inc. (AGIG) and Cognyte Software Ltd. (CGNT) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and CGNT?
Over the past 3 years, AGIG and CGNT moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.23 lands near the 3-year figure. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -2294.3 %².
CGNT is close to the least connected end of AGIG's tracked universe, ranking #32 of 34. Correlation aside, the last 12 months split them widely, with CGNT ahead by 92.1 points (-88.7% versus +3.4%). Note the risk asymmetry: AGIG runs 3.2 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.
AGIG vs CGNT: side by side
| AGIG (Abundia Global Impact Group Inc.) | CGNT (Cognyte Software Ltd.) | |
|---|---|---|
| 1-year return | -88.7% | +3.4% |
| 5-year return | -94.6% | -67.0% |
| Volatility (ann.) | 157.1% | 49.0% |
| Beta vs S&P 500 | -0.21 | 1.00 |
| Max drawdown (3Y) | -96.7% | -44.3% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGIG | CGNT |
|---|---|---|
| 2022 | +140.6% | -80.2% |
| 2023 | -48.0% | +106.8% |
| 2024 | -27.9% | +34.5% |
| 2025 | -84.7% | +8.7% |
| 2026 | -51.0% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and CGNT good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGIG and CGNT?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.23 over the last year and -0.09 over 5 years.
Is CGNT a good diversifier for AGIG?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 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/agig-vs-cgnt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agig-vs-cgnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGIG correlations · CGNT correlations
