APLD vs SIFY: Correlation
Measured on weekly returns over the past three years, Applied Digital Corporation (APLD) and Sify Technologies Limited - American Depository Shares (SIFY) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLD and SIFY?
Over the past 3 years, APLD and SIFY moved with a correlation of 0.30, which is moderate. The link has tightened recently: the 1-year correlation (0.42) runs above the 3-year figure (0.30). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 2786.5 %².
SIFY is close to the least connected end of APLD's tracked universe, ranking #12 of 15. The trailing year gives APLD the advantage: +64.3% versus +54.9%, a 9.4-point spread. One caveat on sizing: APLD is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
APLD vs SIFY: side by side
| APLD (Applied Digital Corporation) | SIFY (Sify Technologies Limited - American Depository Shares) | |
|---|---|---|
| 1-year return | +64.3% | +54.9% |
| 5-year return | +465.8% | -31.9% |
| Volatility (ann.) | 117.7% | 78.4% |
| Beta vs S&P 500 | 2.73 | 0.48 |
| Max drawdown (3Y) | -71.9% | -85.6% |
| Market cap | $7.8B | $1.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLD | SIFY |
|---|---|---|
| 2022 | – | -64.4% |
| 2023 | +266.3% | +62.6% |
| 2024 | +13.4% | -74.5% |
| 2025 | +220.9% | +326.2% |
| 2026 | +11.9% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLD and SIFY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APLD and SIFY?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.42 over the last year and 0.22 over 5 years.
Is SIFY a good diversifier for APLD?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 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/apld-vs-sify.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/apld-vs-sify/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APLD correlations · SIFY correlations
