ASUR vs EVCM: Correlation
Asure Software Inc (ASUR) 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 ASUR and EVCM?
On 3 years of weekly data the ASUR/EVCM correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 963.2 %².
Among the 10 assets we track against ASUR, EVCM ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ASUR outperformed by 25.1 percentage points (+7.0% for ASUR against -18.1% for EVCM).
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 EVCM: side by side
| ASUR (Asure Software Inc) | EVCM (EverCommerce Inc.) | |
|---|---|---|
| 1-year return | +7.0% | -18.1% |
| 5-year return | +0.4% | -55.5% |
| Volatility (ann.) | 47.0% | 47.9% |
| Beta vs S&P 500 | 1.16 | 0.95 |
| Max drawdown (3Y) | -45.8% | -35.0% |
| Market cap | $0.3B | $1.7B |
| P/E (trailing) | – | 58.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASUR | EVCM |
|---|---|---|
| 2022 | +19.3% | -52.8% |
| 2023 | +1.9% | +48.3% |
| 2024 | -1.2% | -0.2% |
| 2025 | +0.1% | +10.0% |
| 2026 | -4.8% | -22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASUR and EVCM good diversifiers for each other?
Reasonably. At 0.43, ASUR and EVCM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASUR and EVCM?
As of 2026-08-27, the correlation of weekly returns between ASUR and EVCM is 0.43 over 3 years, 0.48 over 1 year and 0.30 over 5 years.
Is EVCM a good diversifier for ASUR?
Reasonably. At 0.43, ASUR and EVCM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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-evcm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asur-vs-evcm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASUR correlations · EVCM correlations
