AVPT vs IT: Correlation
AvePoint, Inc. (AVPT) and Gartner (IT) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVPT and IT?
Across a 3-year window, the weekly returns of AVPT and IT correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.46, with an annualized covariance of 878.3 %².
Among the 25 assets we track against AVPT, IT ranks #7 by 3-year correlation. On 12-month performance AVPT holds a 10.7-point edge, -9.5% against -20.2%.
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 IT: side by side
| AVPT (AvePoint, Inc.) | IT (Gartner) | |
|---|---|---|
| 1-year return | -9.5% | -20.2% |
| 5-year return | +57.7% | -36.0% |
| Volatility (ann.) | 41.3% | 40.6% |
| Beta vs S&P 500 | 1.18 | 0.92 |
| Max drawdown (3Y) | -55.0% | -77.2% |
| Market cap | $3.0B | $12.4B |
| P/E (trailing) | 42.1 | 17.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AVPT | IT |
|---|---|---|
| 2022 | -34.7% | +0.5% |
| 2023 | +99.8% | +34.2% |
| 2024 | +101.1% | +7.4% |
| 2025 | -15.9% | -47.9% |
| 2026 | +3.0% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVPT and IT good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVPT and IT?
The AVPT/IT correlation stands at 0.52 on a 3-year window (1 year: 0.54, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is IT a good diversifier for AVPT?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AVPT correlations · IT correlations
