AGYS vs PAR: Correlation
Measured on weekly returns over the past three years, Agilysys, Inc. (AGYS) and PAR Technology Corporation (PAR) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGYS and PAR?
Across a 3-year window, the weekly returns of AGYS and PAR correlate at 0.49, moderate. The past 12 months show a tighter link (0.65) than the 3-year average (0.49). Stretching to 5 years gives 0.45, with an annualized covariance of 1321.4 %².
In AGYS's tracked universe of 10 assets, PAR sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months AGYS outperformed by 73.4 percentage points (+10.2% for AGYS against -63.2% for PAR).
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.
AGYS vs PAR: side by side
| AGYS (Agilysys, Inc.) | PAR (PAR Technology Corporation) | |
|---|---|---|
| 1-year return | +10.2% | -63.2% |
| 5-year return | +112.4% | -71.7% |
| Volatility (ann.) | 48.2% | 56.2% |
| Beta vs S&P 500 | 0.61 | 1.72 |
| Max drawdown (3Y) | -56.1% | -85.4% |
| Market cap | $3.4B | $0.8B |
| P/E (trailing) | 75.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGYS | PAR |
|---|---|---|
| 2022 | +78.0% | -50.6% |
| 2023 | +7.2% | +67.0% |
| 2024 | +55.3% | +66.9% |
| 2025 | -9.8% | -50.1% |
| 2026 | +1.4% | -47.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGYS and PAR good diversifiers for each other?
Reasonably. At 0.49, AGYS and PAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AGYS and PAR?
As of 2026-08-27, the correlation of weekly returns between AGYS and PAR is 0.49 over 3 years, 0.65 over 1 year and 0.45 over 5 years.
Is PAR a good diversifier for AGYS?
Reasonably. At 0.49, AGYS and PAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agys-vs-par.json
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Related comparisons
Hubs: AGYS correlations · PAR correlations
