AZTA vs CTKB: Correlation
Azenta, Inc. (AZTA) and Cytek Biosciences, Inc. (CTKB) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZTA and CTKB?
On 3 years of weekly data the AZTA/CTKB correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.48 over 3. The 5-year figure is 0.41, and annualized covariance runs at 1625.6 %².
Among the 16 assets we track against AZTA, CTKB ranks #7 by 3-year correlation. Their 12-month results are close: +11.3% for AZTA against +13.0% for CTKB.
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.
AZTA vs CTKB: side by side
| AZTA (Azenta, Inc.) | CTKB (Cytek Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +11.3% | +13.0% |
| 5-year return | -60.4% | -77.1% |
| Volatility (ann.) | 51.4% | 66.0% |
| Beta vs S&P 500 | 1.08 | 1.34 |
| Max drawdown (3Y) | -76.3% | -74.6% |
| Market cap | $1.5B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AZTA | CTKB |
|---|---|---|
| 2022 | -43.5% | -37.4% |
| 2023 | +11.9% | -10.7% |
| 2024 | -23.2% | -28.8% |
| 2025 | -33.5% | -22.2% |
| 2026 | +1.1% | -8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZTA and CTKB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AZTA and CTKB?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.55 over the last year and 0.41 over 5 years.
Is CTKB a good diversifier for AZTA?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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/azta-vs-ctkb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/azta-vs-ctkb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AZTA correlations · CTKB correlations
