AKAM vs EMBC: Correlation
Akamai Technologies (AKAM) and Embecta Corp. (EMBC) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAM and EMBC?
Over the past 3 years, AKAM and EMBC moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.52) runs below the 3-year figure (-0.23). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -767.4 %².
By 3-year correlation, EMBC places #23 of the 30 assets tracked against AKAM. Their recent paths diverged sharply: over the last 12 months AKAM outperformed by 106.6 percentage points (+42.1% for AKAM against -64.5% for EMBC). Risk is not evenly split, since EMBC 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.
AKAM vs EMBC: side by side
| AKAM (Akamai Technologies) | EMBC (Embecta Corp.) | |
|---|---|---|
| 1-year return | +42.1% | -64.5% |
| 5-year return | -1.6% | -87.8% |
| Volatility (ann.) | 45.7% | 72.4% |
| Beta vs S&P 500 | 0.58 | 0.91 |
| Max drawdown (3Y) | -46.8% | -85.3% |
| Market cap | $16.0B | $0.3B |
| P/E (trailing) | 40.3 | 3.4 |
| Dividend yield | 0.00% | 9.29% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AKAM | EMBC |
|---|---|---|
| 2022 | -28.0% | – |
| 2023 | +40.4% | -23.1% |
| 2024 | -19.2% | +13.6% |
| 2025 | -8.8% | -39.6% |
| 2026 | +27.5% | -57.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAM and EMBC good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between AKAM and EMBC?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.52 over the last year and -0.17 over 5 years.
Is EMBC a good diversifier for AKAM?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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
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Related comparisons
Hubs: AKAM correlations · EMBC correlations
