AVPT vs CRM: Correlation
Measured on weekly returns over the past three years, AvePoint, Inc. (AVPT) and Salesforce (CRM) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVPT and CRM?
On 3 years of weekly data the AVPT/CRM correlation comes out at 0.61, strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.61 over 3. The 5-year figure is 0.58, and annualized covariance runs at 951.0 %².
CRM is one of the assets that tracks AVPT most closely: it ranks #1 out of the 25 assets we track against AVPT. The trailing year gives CRM the advantage: -9.5% versus +1.6%, a 11.1-point spread.
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.
AVPT vs CRM: side by side
| AVPT (AvePoint, Inc.) | CRM (Salesforce) | |
|---|---|---|
| 1-year return | -9.5% | +1.6% |
| 5-year return | +57.7% | -3.2% |
| Volatility (ann.) | 41.3% | 37.6% |
| Beta vs S&P 500 | 1.18 | 1.21 |
| Max drawdown (3Y) | -55.0% | -58.7% |
| Market cap | $3.0B | $207.4B |
| P/E (trailing) | 42.1 | 18.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AVPT | CRM |
|---|---|---|
| 2022 | -34.7% | -47.8% |
| 2023 | +99.8% | +98.5% |
| 2024 | +101.1% | +27.8% |
| 2025 | -15.9% | -20.2% |
| 2026 | +3.0% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVPT and CRM good diversifiers for each other?
Only partially. A correlation of 0.61 means AVPT and CRM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AVPT and CRM?
As of 2026-08-27, the correlation of weekly returns between AVPT and CRM is 0.61 over 3 years, 0.68 over 1 year and 0.58 over 5 years.
Is CRM a good diversifier for AVPT?
Only partially. A correlation of 0.61 means AVPT and CRM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 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/avpt-vs-crm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avpt-vs-crm/)
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Related comparisons
Hubs: AVPT correlations · CRM correlations
