CGNT vs XOM: Correlation
Measured on weekly returns over the past three years, Cognyte Software Ltd. (CGNT) and ExxonMobil (XOM) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGNT and XOM?
Over the past 3 years, CGNT and XOM moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.24). Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -281.4 %².
Among the 15 assets we track against CGNT, XOM sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with XOM ahead by 39.4 points (+3.4% versus +42.8%). Note the risk asymmetry: CGNT runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 XOM: side by side
| CGNT (Cognyte Software Ltd.) | XOM (ExxonMobil) | |
|---|---|---|
| 1-year return | +3.4% | +42.8% |
| 5-year return | -67.0% | +237.9% |
| Volatility (ann.) | 49.0% | 24.3% |
| Beta vs S&P 500 | 1.00 | 0.01 |
| Max drawdown (3Y) | -44.3% | -20.1% |
| Market cap | $0.7B | $643.3B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.00% | 2.58% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | CGNT | XOM |
|---|---|---|
| 2022 | -80.2% | +87.4% |
| 2023 | +106.8% | -6.3% |
| 2024 | +34.5% | +11.3% |
| 2025 | +8.7% | +16.0% |
| 2026 | -4.0% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGNT and XOM good diversifiers for each other?
Yes. With a correlation of -0.24, CGNT and XOM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CGNT and XOM?
The CGNT/XOM correlation stands at -0.24 on a 3-year window (1 year: -0.45, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is XOM a good diversifier for CGNT?
Yes. With a correlation of -0.24, CGNT and XOM 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.
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Related comparisons
Hubs: CGNT correlations · XOM correlations
