AVPT vs TEAD: Correlation
How closely do AvePoint, Inc. (AVPT) and Te (TEAD) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVPT and TEAD?
Across a 3-year window, the weekly returns of AVPT and TEAD correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.40 over 3. Stretching to 5 years gives 0.38, with an annualized covariance of 1187.4 %².
Out of 25 assets tracked against AVPT, TEAD lands near the bottom at #21. Their recent paths diverged sharply: over the last 12 months AVPT outperformed by 64.1 percentage points (-9.5% for AVPT against -73.6% for TEAD). One caveat on sizing: TEAD is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TEAD: side by side
| AVPT (AvePoint, Inc.) | TEAD (Te) | |
|---|---|---|
| 1-year return | -9.5% | -73.6% |
| 5-year return | +57.7% | -97.2% |
| Volatility (ann.) | 41.3% | 71.3% |
| Beta vs S&P 500 | 1.18 | 1.33 |
| Max drawdown (3Y) | -55.0% | -93.8% |
| Market cap | $3.0B | – |
| P/E (trailing) | 42.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVPT | TEAD |
|---|---|---|
| 2022 | -34.7% | -74.1% |
| 2023 | +99.8% | +21.0% |
| 2024 | +101.1% | +63.9% |
| 2025 | -15.9% | -90.2% |
| 2026 | +3.0% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVPT and TEAD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVPT and TEAD?
As of 2026-08-27, the correlation of weekly returns between AVPT and TEAD is 0.40 over 3 years, 0.36 over 1 year and 0.38 over 5 years.
Is TEAD a good diversifier for AVPT?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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-tead.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avpt-vs-tead/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVPT correlations · TEAD correlations
