CGNT vs SD: Correlation
How closely do Cognyte Software Ltd. (CGNT) and SandRidge Energy, Inc. (SD) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGNT and SD?
On 3 years of weekly data the CGNT/SD correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.23). The 5-year figure is -0.04, and annualized covariance runs at -377.9 %².
Among the 15 assets we track against CGNT, SD ranks #10 by 3-year correlation. The last year tells two different stories: SD led by 24.4 percentage points, +3.4% for CGNT against +27.8% for SD.
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 SD: side by side
| CGNT (Cognyte Software Ltd.) | SD (SandRidge Energy, Inc.) | |
|---|---|---|
| 1-year return | +3.4% | +27.8% |
| 5-year return | -67.0% | +126.2% |
| Volatility (ann.) | 49.0% | 33.0% |
| Beta vs S&P 500 | 1.00 | 0.32 |
| Max drawdown (3Y) | -44.3% | -37.9% |
| Market cap | $0.7B | $0.5B |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 0.00% | 3.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGNT | SD |
|---|---|---|
| 2022 | -80.2% | +62.8% |
| 2023 | +106.8% | -8.2% |
| 2024 | +34.5% | -1.2% |
| 2025 | +8.7% | +28.2% |
| 2026 | -4.0% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGNT and SD good diversifiers for each other?
Yes. With a correlation of -0.23, CGNT and SD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CGNT and SD?
The CGNT/SD correlation stands at -0.23 on a 3-year window (1 year: -0.39, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is SD a good diversifier for CGNT?
Yes. With a correlation of -0.23, CGNT and SD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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-sd.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CGNT correlations · SD correlations
