CGNT vs TRI: Correlation
How closely do Cognyte Software Ltd. (CGNT) and Thomson Reuters Corp (TRI) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGNT and TRI?
Over the past 3 years, CGNT and TRI moved with a correlation of 0.46, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.46 over 3 years. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 714.9 %².
TRI is one of the assets that tracks CGNT most closely: it ranks #2 out of the 15 assets we track against CGNT. Their recent paths diverged sharply: over the last 12 months CGNT outperformed by 41.0 percentage points (+3.4% for CGNT against -37.6% for TRI). Risk is not evenly split, since CGNT carries 1.5 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 TRI: side by side
| CGNT (Cognyte Software Ltd.) | TRI (Thomson Reuters Corp) | |
|---|---|---|
| 1-year return | +3.4% | -37.6% |
| 5-year return | -67.0% | -0.4% |
| Volatility (ann.) | 49.0% | 32.0% |
| Beta vs S&P 500 | 1.00 | 0.53 |
| Max drawdown (3Y) | -44.3% | -62.9% |
| Market cap | $0.7B | $45.4B |
| P/E (trailing) | – | 27.6 |
| Dividend yield | 0.00% | 2.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGNT | TRI |
|---|---|---|
| 2022 | -80.2% | -3.0% |
| 2023 | +106.8% | +30.0% |
| 2024 | +34.5% | +11.1% |
| 2025 | +8.7% | -16.6% |
| 2026 | -4.0% | -17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGNT and TRI good diversifiers for each other?
Reasonably. At 0.46, CGNT and TRI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CGNT and TRI?
As of 2026-08-27, the correlation of weekly returns between CGNT and TRI is 0.46 over 3 years, 0.59 over 1 year and 0.34 over 5 years.
Is TRI a good diversifier for CGNT?
Reasonably. At 0.46, CGNT and TRI 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-tri.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cgnt-vs-tri/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CGNT correlations · TRI correlations
