ASTC vs EG: Correlation
Astrotech Corporation (ASTC) and Everest Group (EG) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and EG?
Across a 3-year window, the weekly returns of ASTC and EG correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.21). Stretching to 5 years gives -0.15, with an annualized covariance of -5698.6 %².
Within ASTC's tracked universe of 47 assets, EG comes in at #29 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ASTC ahead by 26.2 points (+37.5% versus +11.3%). One caveat on sizing: ASTC is 54.4 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.
ASTC vs EG: side by side
| ASTC (Astrotech Corporation) | EG (Everest Group) | |
|---|---|---|
| 1-year return | +37.5% | +11.3% |
| 5-year return | -78.4% | +57.2% |
| Volatility (ann.) | 1206.9% | 22.2% |
| Beta vs S&P 500 | 4.81 | 0.28 |
| Max drawdown (3Y) | -87.5% | -23.8% |
| Market cap | – | $14.5B |
| P/E (trailing) | – | 8.0 |
| Dividend yield | 0.00% | 2.11% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ASTC | EG |
|---|---|---|
| 2022 | -51.0% | +23.7% |
| 2023 | -15.0% | +8.7% |
| 2024 | -20.8% | +4.6% |
| 2025 | -48.5% | -5.3% |
| 2026 | +105.8% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and EG good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASTC and EG?
As of 2026-08-27, the correlation of weekly returns between ASTC and EG is -0.21 over 3 years, -0.38 over 1 year and -0.15 over 5 years.
Is EG a good diversifier for ASTC?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/astc-vs-eg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/astc-vs-eg/)
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Related comparisons
Hubs: ASTC correlations · EG correlations
