AVPT vs SRAD: Correlation
Measured on weekly returns over the past three years, AvePoint, Inc. (AVPT) and Sportradar Group AG - Class A (SRAD) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVPT and SRAD?
Across a 3-year window, the weekly returns of AVPT and SRAD correlate at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 783.4 %².
Within AVPT's tracked universe of 25 assets, SRAD comes in at #15 by 3-year correlation. The last year tells two different stories: AVPT led by 49.7 percentage points, -9.5% for AVPT against -59.2% for SRAD.
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 SRAD: side by side
| AVPT (AvePoint, Inc.) | SRAD (Sportradar Group AG - Class A) | |
|---|---|---|
| 1-year return | -9.5% | -59.2% |
| 5-year return | +57.7% | -49.0% |
| Volatility (ann.) | 41.3% | 42.2% |
| Beta vs S&P 500 | 1.18 | 0.97 |
| Max drawdown (3Y) | -55.0% | -61.2% |
| Market cap | $3.0B | $3.8B |
| P/E (trailing) | 42.1 | 213.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVPT | SRAD |
|---|---|---|
| 2022 | -34.7% | -43.3% |
| 2023 | +99.8% | +10.9% |
| 2024 | +101.1% | +56.9% |
| 2025 | -15.9% | +37.1% |
| 2026 | +3.0% | -46.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVPT and SRAD good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVPT and SRAD?
As of 2026-08-27, the correlation of weekly returns between AVPT and SRAD is 0.45 over 3 years, 0.42 over 1 year and 0.39 over 5 years.
Is SRAD a good diversifier for AVPT?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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 · SRAD correlations
