AWX vs LDOS: Correlation
Avalon Holdings Corporation (AWX) and Leidos (LDOS) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWX and LDOS?
Over the past 3 years, AWX and LDOS moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.01 versus -0.19 over 3 years. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -213.0 %².
Among the 12 assets we track against AWX, LDOS sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with AWX ahead by 31.8 points (+8.9% versus -22.9%).
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.
AWX vs LDOS: side by side
| AWX (Avalon Holdings Corporation) | LDOS (Leidos) | |
|---|---|---|
| 1-year return | +8.9% | -22.9% |
| 5-year return | -37.9% | +52.1% |
| Volatility (ann.) | 35.1% | 31.4% |
| Beta vs S&P 500 | 0.10 | 0.87 |
| Max drawdown (3Y) | -51.9% | -49.5% |
| Market cap | – | $17.6B |
| P/E (trailing) | 9.0 | 12.8 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | AWX | LDOS |
|---|---|---|
| 2022 | -23.8% | +20.0% |
| 2023 | -13.1% | +4.5% |
| 2024 | +61.9% | +34.5% |
| 2025 | -30.5% | +26.5% |
| 2026 | +0.4% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWX and LDOS good diversifiers for each other?
Yes. With a correlation of -0.19, AWX and LDOS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AWX and LDOS?
As of 2026-08-27, the correlation of weekly returns between AWX and LDOS is -0.19 over 3 years, -0.01 over 1 year and -0.10 over 5 years.
Is LDOS a good diversifier for AWX?
Yes. With a correlation of -0.19, AWX and LDOS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/awx-vs-ldos.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/awx-vs-ldos/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AWX correlations · LDOS correlations
