AOSL vs CRNT: Correlation
Alpha and Omega Semiconductor Limited (AOSL) and Ceragon Networks Ltd. (CRNT) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOSL and CRNT?
On 3 years of weekly data the AOSL/CRNT correlation comes out at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 1638.2 %².
Within AOSL's tracked universe of 16 assets, CRNT comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CRNT ahead by 17.9 points (-11.4% versus +6.5%).
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.
AOSL vs CRNT: side by side
| AOSL (Alpha and Omega Semiconductor Limited) | CRNT (Ceragon Networks Ltd.) | |
|---|---|---|
| 1-year return | -11.4% | +6.5% |
| 5-year return | -9.2% | -45.0% |
| Volatility (ann.) | 69.3% | 52.9% |
| Beta vs S&P 500 | 2.34 | 1.19 |
| Max drawdown (3Y) | -66.9% | -66.4% |
| Market cap | $0.8B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOSL | CRNT |
|---|---|---|
| 2022 | -52.8% | -26.0% |
| 2023 | -8.8% | +13.1% |
| 2024 | +42.1% | +116.2% |
| 2025 | -46.5% | -55.0% |
| 2026 | +32.4% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOSL and CRNT good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AOSL and CRNT?
As of 2026-08-27, the correlation of weekly returns between AOSL and CRNT is 0.45 over 3 years, 0.43 over 1 year and 0.39 over 5 years.
Is CRNT a good diversifier for AOSL?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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
$ curl https://www.pairbook.io/api/v1/pairs/aosl-vs-crnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aosl-vs-crnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AOSL correlations · CRNT correlations
