AZTA vs FSEA: Correlation
How closely do Azenta, Inc. (AZTA) and First Seacoast Bancorp, Inc. (FSEA) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZTA and FSEA?
On 3 years of weekly data the AZTA/FSEA correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.22). The 5-year figure is -0.14, and annualized covariance runs at -371.4 %².
Among the 16 assets we track against AZTA, FSEA sits near the bottom by co-movement, at rank #14. The last year tells two different stories: FSEA led by 37.6 percentage points, +11.3% for AZTA against +48.9% for FSEA. Note the risk asymmetry: AZTA runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 FSEA: side by side
| AZTA (Azenta, Inc.) | FSEA (First Seacoast Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +11.3% | +48.9% |
| 5-year return | -60.4% | +44.2% |
| Volatility (ann.) | 51.4% | 33.2% |
| Beta vs S&P 500 | 1.08 | 0.19 |
| Max drawdown (3Y) | -76.3% | -21.5% |
| Market cap | $1.5B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AZTA | FSEA |
|---|---|---|
| 2022 | -43.5% | -10.5% |
| 2023 | +11.9% | -32.7% |
| 2024 | -23.2% | +30.6% |
| 2025 | -33.5% | +31.5% |
| 2026 | +1.1% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZTA and FSEA good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between AZTA and FSEA?
The AZTA/FSEA correlation stands at -0.22 on a 3-year window (1 year: -0.38, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is FSEA a good diversifier for AZTA?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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: AZTA correlations · FSEA correlations
