CGNT vs OXY: Correlation
Cognyte Software Ltd. (CGNT) and Occidental Petroleum (OXY) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGNT and OXY?
Over the past 3 years, CGNT and OXY moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.24 over 3 years. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -361.8 %².
OXY is close to the least connected end of CGNT's tracked universe, ranking #11 of 15. The last year tells two different stories: OXY led by 25.5 percentage points, +3.4% for CGNT against +28.9% for OXY. Risk is not evenly split, since CGNT carries 1.6 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 OXY: side by side
| CGNT (Cognyte Software Ltd.) | OXY (Occidental Petroleum) | |
|---|---|---|
| 1-year return | +3.4% | +28.9% |
| 5-year return | -67.0% | +150.8% |
| Volatility (ann.) | 49.0% | 30.6% |
| Beta vs S&P 500 | 1.00 | 0.13 |
| Max drawdown (3Y) | -44.3% | -46.9% |
| Market cap | $0.7B | $59.1B |
| P/E (trailing) | – | 17.3 |
| Dividend yield | 0.00% | 1.71% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | CGNT | OXY |
|---|---|---|
| 2022 | -80.2% | +119.1% |
| 2023 | +106.8% | -4.1% |
| 2024 | +34.5% | -15.9% |
| 2025 | +8.7% | -14.9% |
| 2026 | -4.0% | +45.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGNT and OXY good diversifiers for each other?
Yes. With a correlation of -0.24, CGNT and OXY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CGNT and OXY?
The CGNT/OXY correlation stands at -0.24 on a 3-year window (1 year: -0.34, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is OXY a good diversifier for CGNT?
Yes. With a correlation of -0.24, CGNT and OXY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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-oxy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cgnt-vs-oxy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CGNT correlations · OXY correlations
