CGNX vs SUNE: Correlation
Measured on weekly returns over the past three years, Cognex Corporation (CGNX) and SUNation Energy, Inc. (SUNE) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGNX and SUNE?
On 3 years of weekly data the CGNX/SUNE correlation comes out at 0.28, weak. The past 12 months show a tighter link (0.43) than the 3-year average (0.28). The 5-year figure is 0.18, and annualized covariance runs at 2417.0 %².
Among the 16 assets we track against CGNX, SUNE sits near the bottom by co-movement, at rank #13. Their 12-month results are close: +43.2% for CGNX against +46.7% for SUNE. Risk is not evenly split, since SUNE carries 4.2 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.
CGNX vs SUNE: side by side
| CGNX (Cognex Corporation) | SUNE (SUNation Energy, Inc.) | |
|---|---|---|
| 1-year return | +43.2% | +46.7% |
| 5-year return | -27.4% | -100.0% |
| Volatility (ann.) | 45.5% | 189.9% |
| Beta vs S&P 500 | 1.27 | -0.81 |
| Max drawdown (3Y) | -55.7% | -100.0% |
| Market cap | $10.6B | – |
| P/E (trailing) | 59.4 | 1.1 |
| Dividend yield | 0.54% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGNX | SUNE |
|---|---|---|
| 2022 | -39.1% | -75.7% |
| 2023 | -10.8% | -74.7% |
| 2024 | -13.4% | -99.4% |
| 2025 | +1.2% | -99.8% |
| 2026 | +75.8% | +113.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGNX and SUNE good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CGNX and SUNE?
The CGNX/SUNE correlation stands at 0.28 on a 3-year window (1 year: 0.43, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is SUNE a good diversifier for CGNX?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
A reading of 0.28 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-sune.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cgnx-vs-sune/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CGNX correlations · SUNE correlations
