AGYS vs WK: Correlation
How closely do Agilysys, Inc. (AGYS) and Workiva Inc. (WK) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGYS and WK?
On 3 years of weekly data the AGYS/WK correlation comes out at 0.41, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.41). The 5-year figure is 0.43, and annualized covariance runs at 795.4 %².
By 3-year correlation, WK places #5 of the 10 assets tracked against AGYS. Over the last 12 months AGYS came out ahead by 13.6 percentage points (+10.2% against -3.4%).
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 WK: side by side
| AGYS (Agilysys, Inc.) | WK (Workiva Inc.) | |
|---|---|---|
| 1-year return | +10.2% | -3.4% |
| 5-year return | +112.4% | -46.1% |
| Volatility (ann.) | 48.2% | 40.0% |
| Beta vs S&P 500 | 0.61 | 0.72 |
| Max drawdown (3Y) | -56.1% | -61.4% |
| Market cap | $3.4B | $4.2B |
| P/E (trailing) | 75.3 | 92.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGYS | WK |
|---|---|---|
| 2022 | +78.0% | -35.7% |
| 2023 | +7.2% | +20.9% |
| 2024 | +55.3% | +7.8% |
| 2025 | -9.8% | -21.2% |
| 2026 | +1.4% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGYS and WK good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AGYS and WK?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.55 over the last year and 0.43 over 5 years.
Is WK a good diversifier for AGYS?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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.
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Related comparisons
Hubs: AGYS correlations · WK correlations
