ALRM vs TASK: Correlation
Alarm.com Holdings, Inc. (ALRM) and TaskUs, Inc. (TASK) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALRM and TASK?
Over the past 3 years, ALRM and TASK moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 945.1 %².
Few assets follow ALRM as closely as TASK, which ranks #3 of 17 tracked partners. Correlation aside, the last 12 months split them widely, with ALRM ahead by 26.0 points (-1.6% versus -27.6%). Risk is not evenly split, since TASK carries 2.1 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.
ALRM vs TASK: side by side
| ALRM (Alarm.com Holdings, Inc.) | TASK (TaskUs, Inc.) | |
|---|---|---|
| 1-year return | -1.6% | -27.6% |
| 5-year return | -30.9% | -78.6% |
| Volatility (ann.) | 28.1% | 58.0% |
| Beta vs S&P 500 | 0.96 | 1.30 |
| Max drawdown (3Y) | -44.3% | -63.0% |
| Market cap | $2.8B | $0.8B |
| P/E (trailing) | 25.5 | 6.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALRM | TASK |
|---|---|---|
| 2022 | -41.7% | -68.7% |
| 2023 | +30.6% | -22.7% |
| 2024 | -5.9% | +29.6% |
| 2025 | -16.1% | -30.4% |
| 2026 | +12.9% | +6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALRM and TASK good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ALRM and TASK?
The ALRM/TASK correlation stands at 0.58 on a 3-year window (1 year: 0.65, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is TASK a good diversifier for ALRM?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/alrm-vs-task.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alrm-vs-task/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALRM correlations · TASK correlations
