ASTE vs EXTR: Correlation
How closely do Astec Industries, Inc. (ASTE) and Extreme Networks, Inc. (EXTR) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTE and EXTR?
On 3 years of weekly data the ASTE/EXTR correlation comes out at 0.45, moderate. The past 12 months show a weaker link (0.32) than the 3-year average (0.45). The 5-year figure is 0.44, and annualized covariance runs at 954.7 %².
Within ASTE's tracked universe of 13 assets, EXTR comes in at #8 by 3-year correlation. On 12-month performance EXTR holds a 13.9-point edge, -5.9% against +8.0%.
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.
ASTE vs EXTR: side by side
| ASTE (Astec Industries, Inc.) | EXTR (Extreme Networks, Inc.) | |
|---|---|---|
| 1-year return | -5.9% | +8.0% |
| 5-year return | -23.7% | +112.0% |
| Volatility (ann.) | 45.5% | 46.3% |
| Beta vs S&P 500 | 0.95 | 1.23 |
| Max drawdown (3Y) | -47.0% | -61.5% |
| Market cap | $1.0B | $3.0B |
| P/E (trailing) | 52.6 | 72.6 |
| Dividend yield | 1.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTE | EXTR |
|---|---|---|
| 2022 | -40.6% | +16.6% |
| 2023 | -7.3% | -3.7% |
| 2024 | -8.4% | -5.1% |
| 2025 | +30.6% | -0.5% |
| 2026 | +2.7% | +39.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTE and EXTR 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 ASTE and EXTR?
As of 2026-08-27, the correlation of weekly returns between ASTE and EXTR is 0.45 over 3 years, 0.32 over 1 year and 0.44 over 5 years.
Is EXTR a good diversifier for ASTE?
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?
On the −1 to +1 scale, 0.45 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/aste-vs-extr.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: ASTE correlations · EXTR correlations
