AVPT vs NOW: Correlation
Measured on weekly returns over the past three years, AvePoint, Inc. (AVPT) and ServiceNow (NOW) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVPT and NOW?
On 3 years of weekly data the AVPT/NOW correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 990.4 %².
Among the 25 assets we track against AVPT, NOW ranks #5 by 3-year correlation. On 12-month performance AVPT holds a 12.6-point edge, -9.5% against -22.1%.
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 NOW: side by side
| AVPT (AvePoint, Inc.) | NOW (ServiceNow) | |
|---|---|---|
| 1-year return | -9.5% | -22.1% |
| 5-year return | +57.7% | +7.9% |
| Volatility (ann.) | 41.3% | 43.2% |
| Beta vs S&P 500 | 1.18 | 1.38 |
| Max drawdown (3Y) | -55.0% | -64.5% |
| Market cap | $3.0B | $143.1B |
| P/E (trailing) | 42.1 | 78.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AVPT | NOW |
|---|---|---|
| 2022 | -34.7% | -40.2% |
| 2023 | +99.8% | +82.0% |
| 2024 | +101.1% | +50.1% |
| 2025 | -15.9% | -27.7% |
| 2026 | +3.0% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVPT and NOW good diversifiers for each other?
Only partially. A correlation of 0.56 means AVPT and NOW 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 NOW?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.57 over the last year and 0.55 over 5 years.
Is NOW a good diversifier for AVPT?
Only partially. A correlation of 0.56 means AVPT and NOW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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-now.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avpt-vs-now/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVPT correlations · NOW correlations
