CGNT vs GIB: Correlation
Cognyte Software Ltd. (CGNT) and CGI Inc. (GIB) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGNT and GIB?
On 3 years of weekly data the CGNT/GIB correlation comes out at 0.46, moderate. The past 12 months show a tighter link (0.57) than the 3-year average (0.46). The 5-year figure is 0.33, and annualized covariance runs at 522.1 %².
In CGNT's tracked universe of 15 assets, GIB sits right near the top at #1. The last year tells two different stories: CGNT led by 25.8 percentage points, +3.4% for CGNT against -22.4% for GIB. Risk is not evenly split, since CGNT carries 2.1 times the volatility of the other side.
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 GIB: side by side
| CGNT (Cognyte Software Ltd.) | GIB (CGI Inc.) | |
|---|---|---|
| 1-year return | +3.4% | -22.4% |
| 5-year return | -67.0% | -16.0% |
| Volatility (ann.) | 49.0% | 23.3% |
| Beta vs S&P 500 | 1.00 | 0.57 |
| Max drawdown (3Y) | -44.3% | -49.6% |
| Market cap | $0.7B | $15.4B |
| P/E (trailing) | – | 12.6 |
| Dividend yield | 0.00% | 0.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGNT | GIB |
|---|---|---|
| 2022 | -80.2% | -2.7% |
| 2023 | +106.8% | +24.5% |
| 2024 | +34.5% | +2.1% |
| 2025 | +8.7% | -15.3% |
| 2026 | -4.0% | -18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGNT and GIB good diversifiers for each other?
Reasonably. At 0.46, CGNT and GIB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CGNT and GIB?
The CGNT/GIB correlation stands at 0.46 on a 3-year window (1 year: 0.57, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is GIB a good diversifier for CGNT?
Reasonably. At 0.46, CGNT and GIB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cgnt-vs-gib.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cgnt-vs-gib/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CGNT correlations · GIB correlations
