ASUR vs CBZ: Correlation
Measured on weekly returns over the past three years, Asure Software Inc (ASUR) and CBIZ, Inc. (CBZ) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASUR and CBZ?
Across a 3-year window, the weekly returns of ASUR and CBZ correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.37, with an annualized covariance of 978.3 %².
Few assets follow ASUR as closely as CBZ, which ranks #1 of 10 tracked partners. The last year tells two different stories: ASUR led by 23.9 percentage points, +7.0% for ASUR against -16.9% for CBZ.
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.
ASUR vs CBZ: side by side
| ASUR (Asure Software Inc) | CBZ (CBIZ, Inc.) | |
|---|---|---|
| 1-year return | +7.0% | -16.9% |
| 5-year return | +0.4% | +61.7% |
| Volatility (ann.) | 47.0% | 44.6% |
| Beta vs S&P 500 | 1.16 | 1.02 |
| Max drawdown (3Y) | -45.8% | -71.6% |
| Market cap | $0.3B | $3.0B |
| P/E (trailing) | – | 26.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASUR | CBZ |
|---|---|---|
| 2022 | +19.3% | +19.8% |
| 2023 | +1.9% | +33.6% |
| 2024 | -1.2% | +30.7% |
| 2025 | +0.1% | -38.3% |
| 2026 | -4.8% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASUR and CBZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASUR and CBZ?
As of 2026-08-27, the correlation of weekly returns between ASUR and CBZ is 0.47 over 3 years, 0.52 over 1 year and 0.37 over 5 years.
Is CBZ a good diversifier for ASUR?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/asur-vs-cbz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asur-vs-cbz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASUR correlations · CBZ correlations
