AVNW vs HDSN: Correlation
Measured on weekly returns over the past three years, Aviat Networks, Inc. (AVNW) and Hudson Technologies, Inc. (HDSN) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNW and HDSN?
Over the past 3 years, AVNW and HDSN moved with a correlation of 0.39, which is moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 826.9 %².
Within AVNW's tracked universe of 13 assets, HDSN comes in at #7 by 3-year correlation. The last year tells two different stories: AVNW led by 39.9 percentage points, -6.6% for AVNW against -46.5% for HDSN.
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.
AVNW vs HDSN: side by side
| AVNW (Aviat Networks, Inc.) | HDSN (Hudson Technologies, Inc.) | |
|---|---|---|
| 1-year return | -6.6% | -46.5% |
| 5-year return | -39.7% | +68.6% |
| Volatility (ann.) | 50.7% | 41.6% |
| Beta vs S&P 500 | 0.79 | 0.74 |
| Max drawdown (3Y) | -64.3% | -67.6% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | 31.1 | 24.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNW | HDSN |
|---|---|---|
| 2022 | -2.8% | +127.9% |
| 2023 | +4.7% | +33.3% |
| 2024 | -44.5% | -58.6% |
| 2025 | +18.1% | +22.8% |
| 2026 | +0.3% | -20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNW and HDSN good diversifiers for each other?
Reasonably. At 0.39, AVNW and HDSN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AVNW and HDSN?
The AVNW/HDSN correlation stands at 0.39 on a 3-year window (1 year: 0.49, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is HDSN a good diversifier for AVNW?
Reasonably. At 0.39, AVNW and HDSN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/avnw-vs-hdsn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avnw-vs-hdsn/)
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Related comparisons
Hubs: AVNW correlations · HDSN correlations
