ASUR vs KD: Correlation
Measured on weekly returns over the past three years, Asure Software Inc (ASUR) and Kyndryl Holdings, Inc. (KD) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASUR and KD?
Across a 3-year window, the weekly returns of ASUR and KD correlate at 0.43, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.43). Stretching to 5 years gives 0.28, with an annualized covariance of 1087.8 %².
Among the 10 assets we track against ASUR, KD ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ASUR ahead by 65.0 points (+7.0% versus -58.0%).
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.
ASUR vs KD: side by side
| ASUR (Asure Software Inc) | KD (Kyndryl Holdings, Inc.) | |
|---|---|---|
| 1-year return | +7.0% | -58.0% |
| 5-year return | +0.4% | -67.5% |
| Volatility (ann.) | 47.0% | 53.4% |
| Beta vs S&P 500 | 1.16 | 1.59 |
| Max drawdown (3Y) | -45.8% | -75.6% |
| Market cap | $0.3B | $2.9B |
| P/E (trailing) | – | 34.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASUR | KD |
|---|---|---|
| 2022 | +19.3% | -38.6% |
| 2023 | +1.9% | +86.9% |
| 2024 | -1.2% | +66.5% |
| 2025 | +0.1% | -23.2% |
| 2026 | -4.8% | -50.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASUR and KD good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASUR and KD?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.55 over the last year and 0.28 over 5 years.
Is KD a good diversifier for ASUR?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/asur-vs-kd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asur-vs-kd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASUR correlations · KD correlations
