ATEN vs CCO: Correlation
How closely do A10 Networks, Inc. (ATEN) and Clear Channel Outdoor Holdings, Inc. (CCO) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATEN and CCO?
Across a 3-year window, the weekly returns of ATEN and CCO correlate at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.44 over 3 years. Stretching to 5 years gives 0.26, with an annualized covariance of 728.7 %².
By 3-year correlation, CCO places #6 of the 14 assets tracked against ATEN. Correlation aside, the last 12 months split them widely, with CCO ahead by 31.6 points (+56.6% versus +88.2%).
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.
ATEN vs CCO: side by side
| ATEN (A10 Networks, Inc.) | CCO (Clear Channel Outdoor Holdings, Inc.) | |
|---|---|---|
| 1-year return | +56.6% | +88.2% |
| 5-year return | +106.4% | -6.3% |
| Volatility (ann.) | 34.0% | 48.4% |
| Beta vs S&P 500 | 0.89 | 1.25 |
| Max drawdown (3Y) | -33.9% | -57.1% |
| Market cap | $2.0B | $1.2B |
| P/E (trailing) | 44.3 | – |
| Dividend yield | 0.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATEN | CCO |
|---|---|---|
| 2022 | +1.7% | -68.3% |
| 2023 | -19.4% | +73.3% |
| 2024 | +42.1% | -24.7% |
| 2025 | -2.6% | +61.3% |
| 2026 | +53.9% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEN and CCO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATEN and CCO?
As of 2026-08-27, the correlation of weekly returns between ATEN and CCO is 0.44 over 3 years, 0.11 over 1 year and 0.26 over 5 years.
Is CCO a good diversifier for ATEN?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/aten-vs-cco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aten-vs-cco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATEN correlations · CCO correlations
