CGNT vs DSGX: Correlation
How closely do Cognyte Software Ltd. (CGNT) and The Descartes Systems Group Inc. (DSGX) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGNT and DSGX?
Across a 3-year window, the weekly returns of CGNT and DSGX correlate at 0.45, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.45 over 3 years. Stretching to 5 years gives 0.37, with an annualized covariance of 696.3 %².
Few assets follow CGNT as closely as DSGX, which ranks #3 of 15 tracked partners. Correlation aside, the last 12 months split them widely, with CGNT ahead by 22.5 points (+3.4% versus -19.1%). Note the risk asymmetry: CGNT runs 1.6 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.
CGNT vs DSGX: side by side
| CGNT (Cognyte Software Ltd.) | DSGX (The Descartes Systems Group Inc.) | |
|---|---|---|
| 1-year return | +3.4% | -19.1% |
| 5-year return | -67.0% | +3.6% |
| Volatility (ann.) | 49.0% | 31.5% |
| Beta vs S&P 500 | 1.00 | 0.86 |
| Max drawdown (3Y) | -44.3% | -48.7% |
| Market cap | $0.7B | $6.9B |
| P/E (trailing) | – | 38.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGNT | DSGX |
|---|---|---|
| 2022 | -80.2% | -15.8% |
| 2023 | +106.8% | +20.7% |
| 2024 | +34.5% | +35.1% |
| 2025 | +8.7% | -22.8% |
| 2026 | -4.0% | -8.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGNT and DSGX good diversifiers for each other?
Reasonably. At 0.45, CGNT and DSGX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CGNT and DSGX?
As of 2026-08-27, the correlation of weekly returns between CGNT and DSGX is 0.45 over 3 years, 0.55 over 1 year and 0.37 over 5 years.
Is DSGX a good diversifier for CGNT?
Reasonably. At 0.45, CGNT and DSGX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/cgnt-vs-dsgx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cgnt-vs-dsgx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CGNT correlations · DSGX correlations
