AUDC vs KEN: Correlation
How closely do AudioCodes Ltd. (AUDC) and Kenon Holdings Ltd. (KEN) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUDC and KEN?
Over the past 3 years, AUDC and KEN moved with a correlation of 0.37, which is moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.37 over 3. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 633.3 %².
KEN is close to the least connected end of AUDC's tracked universe, ranking #8 of 12. The last year tells two different stories: KEN led by 45.1 percentage points, +13.9% for AUDC against +59.0% for KEN.
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.
AUDC vs KEN: side by side
| AUDC (AudioCodes Ltd.) | KEN (Kenon Holdings Ltd.) | |
|---|---|---|
| 1-year return | +13.9% | +59.0% |
| 5-year return | -62.9% | +294.3% |
| Volatility (ann.) | 45.8% | 37.7% |
| Beta vs S&P 500 | 1.24 | 0.72 |
| Max drawdown (3Y) | -46.4% | -33.2% |
| Market cap | $0.2B | – |
| P/E (trailing) | 40.9 | 43.0 |
| Dividend yield | 3.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUDC | KEN |
|---|---|---|
| 2022 | -47.8% | -11.7% |
| 2023 | -30.7% | -18.2% |
| 2024 | -16.8% | +67.6% |
| 2025 | -7.1% | +126.2% |
| 2026 | +22.9% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUDC and KEN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AUDC and KEN?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.30 over the last year and 0.28 over 5 years.
Is KEN a good diversifier for AUDC?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/audc-vs-ken.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/audc-vs-ken/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AUDC correlations · KEN correlations
