ASAN vs CXM: Correlation
How closely do Asana, Inc. (ASAN) and Sprinklr, Inc. (CXM) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASAN and CXM?
Over the past 3 years, ASAN and CXM moved with a correlation of 0.51, which is moderate. The past 12 months show a tighter link (0.75) than the 3-year average (0.51). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 1230.0 %².
By 3-year correlation, CXM places #8 of the 19 assets tracked against ASAN. Correlation aside, the last 12 months split them widely, with CXM ahead by 20.7 points (-29.0% versus -8.3%).
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.
ASAN vs CXM: side by side
| ASAN (Asana, Inc.) | CXM (Sprinklr, Inc.) | |
|---|---|---|
| 1-year return | -29.0% | -8.3% |
| 5-year return | -86.9% | -49.6% |
| Volatility (ann.) | 59.9% | 40.4% |
| Beta vs S&P 500 | 1.49 | 0.91 |
| Max drawdown (3Y) | -80.2% | -71.1% |
| Market cap | $2.3B | – |
| P/E (trailing) | – | 61.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASAN | CXM |
|---|---|---|
| 2022 | -81.5% | -48.5% |
| 2023 | +38.1% | +47.4% |
| 2024 | +6.6% | -29.8% |
| 2025 | -32.4% | -7.9% |
| 2026 | -25.8% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASAN and CXM good diversifiers for each other?
Only partially. A correlation of 0.51 means ASAN and CXM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ASAN and CXM?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.75 over the last year and 0.53 over 5 years.
Is CXM a good diversifier for ASAN?
Only partially. A correlation of 0.51 means ASAN and CXM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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/asan-vs-cxm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asan-vs-cxm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASAN correlations · CXM correlations
