AVA vs PAYC: Correlation
Avista Corporation (AVA) and Paycom Software, Inc. (PAYC) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVA and PAYC?
On 3 years of weekly data the AVA/PAYC correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.25). The 5-year figure is -0.07, and annualized covariance runs at -235.1 %².
PAYC is close to the least connected end of AVA's tracked universe, ranking #19 of 20. Neither side won the trailing year by much: +6.9% against +5.0%. Note the risk asymmetry: PAYC runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PAYC: side by side
| AVA (Avista Corporation) | PAYC (Paycom Software, Inc.) | |
|---|---|---|
| 1-year return | +6.9% | +5.0% |
| 5-year return | +15.3% | -50.2% |
| Volatility (ann.) | 19.8% | 46.9% |
| Beta vs S&P 500 | 0.05 | 0.72 |
| Max drawdown (3Y) | -14.0% | -60.8% |
| Market cap | $3.2B | $10.7B |
| P/E (trailing) | 13.8 | 25.1 |
| Dividend yield | 5.15% | 0.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVA | PAYC |
|---|---|---|
| 2022 | +8.8% | -25.3% |
| 2023 | -15.3% | -33.1% |
| 2024 | +7.8% | -0.0% |
| 2025 | +10.7% | -21.7% |
| 2026 | +1.6% | +49.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVA and PAYC good diversifiers for each other?
Yes. With a correlation of -0.25, AVA and PAYC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AVA and PAYC?
The AVA/PAYC correlation stands at -0.25 on a 3-year window (1 year: -0.36, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is PAYC a good diversifier for AVA?
Yes. With a correlation of -0.25, AVA and PAYC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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-payc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ava-vs-payc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVA correlations · PAYC correlations
