AVPT vs GRSD: Correlation
AvePoint, Inc. (AVPT) and Grandstand Limited (GRSD) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVPT and GRSD?
On 3 years of weekly data the AVPT/GRSD correlation comes out at 0.38, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.38 over 3. The 5-year figure is 0.33, and annualized covariance runs at 831.1 %².
Out of 25 assets tracked against AVPT, GRSD lands near the bottom at #22. Correlation aside, the last 12 months split them widely, with AVPT ahead by 68.9 points (-9.5% versus -78.4%).
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 GRSD: side by side
| AVPT (AvePoint, Inc.) | GRSD (Grandstand Limited) | |
|---|---|---|
| 1-year return | -9.5% | -78.4% |
| 5-year return | +57.7% | -85.5% |
| Volatility (ann.) | 41.3% | 53.1% |
| Beta vs S&P 500 | 1.18 | 0.92 |
| Max drawdown (3Y) | -55.0% | -90.1% |
| Market cap | $3.0B | $0.1B |
| P/E (trailing) | 42.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVPT | GRSD |
|---|---|---|
| 2022 | -34.7% | -9.9% |
| 2023 | +99.8% | +6.6% |
| 2024 | +101.1% | +44.4% |
| 2025 | -15.9% | -61.2% |
| 2026 | +3.0% | -66.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVPT and GRSD good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVPT and GRSD?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.42 over the last year and 0.33 over 5 years.
Is GRSD a good diversifier for AVPT?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 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/avpt-vs-grsd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avpt-vs-grsd/)
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Related comparisons
Hubs: AVPT correlations · GRSD correlations
