CGNT vs DVN: Correlation
How closely do Cognyte Software Ltd. (CGNT) and Devon Energy (DVN) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGNT and DVN?
On 3 years of weekly data the CGNT/DVN correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.27 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -448.8 %².
Out of 15 assets tracked against CGNT, DVN lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with DVN ahead by 32.5 points (+3.4% versus +35.9%).
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 DVN: side by side
| CGNT (Cognyte Software Ltd.) | DVN (Devon Energy) | |
|---|---|---|
| 1-year return | +3.4% | +35.9% |
| 5-year return | -67.0% | +102.7% |
| Volatility (ann.) | 49.0% | 34.3% |
| Beta vs S&P 500 | 1.00 | 0.16 |
| Max drawdown (3Y) | -44.3% | -49.2% |
| Market cap | $0.7B | $51.8B |
| P/E (trailing) | – | 10.2 |
| Dividend yield | 0.00% | 2.22% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | CGNT | DVN |
|---|---|---|
| 2022 | -80.2% | +50.9% |
| 2023 | +106.8% | -21.8% |
| 2024 | +34.5% | -25.2% |
| 2025 | +8.7% | +15.0% |
| 2026 | -4.0% | +30.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGNT and DVN good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CGNT and DVN?
As of 2026-08-27, the correlation of weekly returns between CGNT and DVN is -0.27 over 3 years, -0.42 over 1 year and -0.09 over 5 years.
Is DVN a good diversifier for CGNT?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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-dvn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cgnt-vs-dvn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CGNT correlations · DVN correlations
