AZN vs KLTR: Correlation
How closely do AstraZeneca PLC (AZN) and Kaltura, Inc. (KLTR) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZN and KLTR?
Across a 3-year window, the weekly returns of AZN and KLTR correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Stretching to 5 years gives -0.12, with an annualized covariance of -375.7 %².
Among the 14 assets we track against AZN, KLTR sits near the bottom by co-movement, at rank #13. Neither side won the trailing year by much: +4.0% against +0.6%. One caveat on sizing: KLTR is 2.8 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.
AZN vs KLTR: side by side
| AZN (AstraZeneca PLC) | KLTR (Kaltura, Inc.) | |
|---|---|---|
| 1-year return | +4.0% | +0.6% |
| 5-year return | +54.7% | -86.7% |
| Volatility (ann.) | 25.1% | 69.9% |
| Beta vs S&P 500 | 0.21 | 1.87 |
| Max drawdown (3Y) | -27.9% | -61.2% |
| Market cap | $255.2B | $0.2B |
| P/E (trailing) | 24.9 | – |
| Dividend yield | 1.94% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AZN | KLTR |
|---|---|---|
| 2022 | +19.2% | -49.0% |
| 2023 | +1.4% | +13.4% |
| 2024 | -0.6% | +12.8% |
| 2025 | +43.3% | -25.5% |
| 2026 | -9.6% | -2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZN and KLTR good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AZN and KLTR?
The AZN/KLTR correlation stands at -0.21 on a 3-year window (1 year: -0.26, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is KLTR a good diversifier for AZN?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AZN correlations · KLTR correlations
