AVNW vs PDEX: Correlation
Measured on weekly returns over the past three years, Aviat Networks, Inc. (AVNW) and Pro-Dex, Inc. (PDEX) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNW and PDEX?
Over the past 3 years, AVNW and PDEX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -808.3 %².
Among the 13 assets we track against AVNW, PDEX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: PDEX led by 49.1 percentage points, -6.6% for AVNW against +42.5% for PDEX.
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 PDEX: side by side
| AVNW (Aviat Networks, Inc.) | PDEX (Pro-Dex, Inc.) | |
|---|---|---|
| 1-year return | -6.6% | +42.5% |
| 5-year return | -39.7% | +152.4% |
| Volatility (ann.) | 50.7% | 59.6% |
| Beta vs S&P 500 | 0.79 | 0.17 |
| Max drawdown (3Y) | -64.3% | -65.3% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | 31.1 | 17.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNW | PDEX |
|---|---|---|
| 2022 | -2.8% | -31.5% |
| 2023 | +4.7% | +10.2% |
| 2024 | -44.5% | +166.8% |
| 2025 | +18.1% | -17.7% |
| 2026 | +0.3% | +68.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNW and PDEX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between AVNW and PDEX?
As of 2026-08-27, the correlation of weekly returns between AVNW and PDEX is -0.27 over 3 years, -0.21 over 1 year and -0.15 over 5 years.
Is PDEX a good diversifier for AVNW?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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/avnw-vs-pdex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avnw-vs-pdex/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVNW correlations · PDEX correlations
