ARAY vs EVCM: Correlation
Accuray Incorporated (ARAY) and EverCommerce Inc. (EVCM) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARAY and EVCM?
Across a 3-year window, the weekly returns of ARAY and EVCM correlate at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.43 over 3 years. Stretching to 5 years gives 0.39, with an annualized covariance of 1503.1 %².
In ARAY's tracked universe of 10 assets, EVCM sits right near the top at #2. The last year tells two different stories: EVCM led by 65.2 percentage points, -83.3% for ARAY against -18.1% for EVCM. Risk is not evenly split, since ARAY carries 1.5 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.
ARAY vs EVCM: side by side
| ARAY (Accuray Incorporated) | EVCM (EverCommerce Inc.) | |
|---|---|---|
| 1-year return | -83.3% | -18.1% |
| 5-year return | -93.4% | -55.5% |
| Volatility (ann.) | 73.2% | 47.9% |
| Beta vs S&P 500 | 1.77 | 0.95 |
| Max drawdown (3Y) | -92.5% | -35.0% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | 58.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARAY | EVCM |
|---|---|---|
| 2022 | -56.2% | -52.8% |
| 2023 | +35.4% | +48.3% |
| 2024 | -30.0% | -0.2% |
| 2025 | -58.6% | +10.0% |
| 2026 | -68.0% | -22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARAY and EVCM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARAY and EVCM?
As of 2026-08-27, the correlation of weekly returns between ARAY and EVCM is 0.43 over 3 years, 0.54 over 1 year and 0.39 over 5 years.
Is EVCM a good diversifier for ARAY?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/aray-vs-evcm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aray-vs-evcm/)
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Related comparisons
Hubs: ARAY correlations · EVCM correlations
