AMZE vs CTSH: Correlation
How closely do Amaze Holdings, Inc. (AMZE) and Cognizant (CTSH) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZE and CTSH?
Across a 3-year window, the weekly returns of AMZE and CTSH correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.20 over 3 years. Stretching to 5 years gives -0.11, with an annualized covariance of -883.8 %².
Out of 13 assets tracked against AMZE, CTSH lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with CTSH ahead by 89.5 points (-99.3% versus -9.8%). Risk is not evenly split, since AMZE carries 4.3 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.
AMZE vs CTSH: side by side
| AMZE (Amaze Holdings, Inc.) | CTSH (Cognizant) | |
|---|---|---|
| 1-year return | -99.3% | -9.8% |
| 5-year return | -100.0% | -9.6% |
| Volatility (ann.) | 139.4% | 32.3% |
| Beta vs S&P 500 | 1.68 | 0.89 |
| Max drawdown (3Y) | -99.9% | -56.1% |
| Market cap | – | $28.7B |
| P/E (trailing) | – | 13.3 |
| Dividend yield | 0.00% | 2.09% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AMZE | CTSH |
|---|---|---|
| 2022 | -80.8% | -34.5% |
| 2023 | -7.0% | +34.4% |
| 2024 | -36.0% | +3.5% |
| 2025 | -97.2% | +9.7% |
| 2026 | -94.4% | -21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZE and CTSH good diversifiers for each other?
Yes. With a correlation of -0.20, AMZE and CTSH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMZE and CTSH?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.34 over the last year and -0.11 over 5 years.
Is CTSH a good diversifier for AMZE?
Yes. With a correlation of -0.20, AMZE and CTSH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/amze-vs-ctsh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amze-vs-ctsh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMZE correlations · CTSH correlations
