CGNX vs DHX: Correlation
Cognex Corporation (CGNX) and DHI Group, Inc. (DHX) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGNX and DHX?
On 3 years of weekly data the CGNX/DHX correlation comes out at 0.35, moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.35). The 5-year figure is 0.30, and annualized covariance runs at 1081.2 %².
Out of 16 assets tracked against CGNX, DHX lands near the bottom at #12. Over the last 12 months DHX came out ahead by 8.7 percentage points (+43.2% against +51.9%).
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.
CGNX vs DHX: side by side
| CGNX (Cognex Corporation) | DHX (DHI Group, Inc.) | |
|---|---|---|
| 1-year return | +43.2% | +51.9% |
| 5-year return | -27.4% | -1.7% |
| Volatility (ann.) | 45.5% | 67.6% |
| Beta vs S&P 500 | 1.27 | 0.82 |
| Max drawdown (3Y) | -55.7% | -68.6% |
| Market cap | $10.6B | $0.2B |
| P/E (trailing) | 59.4 | 136.7 |
| Dividend yield | 0.54% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGNX | DHX |
|---|---|---|
| 2022 | -39.1% | -15.2% |
| 2023 | -10.8% | -51.0% |
| 2024 | -13.4% | -31.7% |
| 2025 | +1.2% | -12.4% |
| 2026 | +75.8% | +164.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGNX and DHX good diversifiers for each other?
Reasonably. At 0.35, CGNX and DHX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CGNX and DHX?
The CGNX/DHX correlation stands at 0.35 on a 3-year window (1 year: 0.54, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is DHX a good diversifier for CGNX?
Reasonably. At 0.35, CGNX and DHX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/cgnx-vs-dhx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cgnx-vs-dhx/)
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Related comparisons
Hubs: CGNX correlations · DHX correlations
