AZ vs EVGO: Correlation
Measured on weekly returns over the past three years, A2Z Cust2Mate Solutions Corp. (AZ) and EVgo Inc. (EVGO) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZ and EVGO?
Across a 3-year window, the weekly returns of AZ and EVGO correlate at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Stretching to 5 years gives 0.28, with an annualized covariance of 3063.0 %².
By 3-year correlation, EVGO places #5 of the 11 assets tracked against AZ. The last year tells two different stories: AZ led by 38.9 percentage points, -25.5% for AZ against -64.4% for EVGO.
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.
AZ vs EVGO: side by side
| AZ (A2Z Cust2Mate Solutions Corp.) | EVGO (EVgo Inc.) | |
|---|---|---|
| 1-year return | -25.5% | -64.4% |
| 5-year return | -49.4% | -84.3% |
| Volatility (ann.) | 97.5% | 85.3% |
| Beta vs S&P 500 | 1.35 | 1.93 |
| Max drawdown (3Y) | -85.0% | -84.1% |
| Market cap | $0.3B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AZ | EVGO |
|---|---|---|
| 2022 | -88.3% | -55.0% |
| 2023 | +7.9% | -19.9% |
| 2024 | +93.3% | +13.1% |
| 2025 | -1.7% | -28.1% |
| 2026 | +1.8% | -50.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZ and EVGO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AZ and EVGO?
The AZ/EVGO correlation stands at 0.37 on a 3-year window (1 year: 0.41, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is EVGO a good diversifier for AZ?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/az-vs-evgo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/az-vs-evgo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AZ correlations · EVGO correlations
