AVA vs CCI: Correlation
Measured on weekly returns over the past three years, Avista Corporation (AVA) and Crown Castle (CCI) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVA and CCI?
On 3 years of weekly data the AVA/CCI correlation comes out at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.46 versus 0.56 over 3 years. The 5-year figure is 0.49, and annualized covariance runs at 315.8 %².
Among the 20 assets we track against AVA, CCI ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AVA ahead by 28.4 points (+6.9% versus -21.5%).
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.
AVA vs CCI: side by side
| AVA (Avista Corporation) | CCI (Crown Castle) | |
|---|---|---|
| 1-year return | +6.9% | -21.5% |
| 5-year return | +15.3% | -50.4% |
| Volatility (ann.) | 19.8% | 28.4% |
| Beta vs S&P 500 | 0.05 | 0.22 |
| Max drawdown (3Y) | -14.0% | -33.0% |
| Market cap | $3.2B | $32.8B |
| P/E (trailing) | 13.8 | 30.9 |
| Dividend yield | 5.15% | 5.63% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | AVA | CCI |
|---|---|---|
| 2022 | +8.8% | -32.6% |
| 2023 | -15.3% | -10.2% |
| 2024 | +7.8% | -16.4% |
| 2025 | +10.7% | +3.0% |
| 2026 | +1.6% | -13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVA and CCI good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AVA and CCI?
As of 2026-08-27, the correlation of weekly returns between AVA and CCI is 0.56 over 3 years, 0.46 over 1 year and 0.49 over 5 years.
Is CCI a good diversifier for AVA?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ava-vs-cci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ava-vs-cci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVA correlations · CCI correlations
