CNDT vs FIVN: Correlation
Conduent Incorporated (CNDT) and Five9, Inc. (FIVN) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNDT and FIVN?
On 3 years of weekly data the CNDT/FIVN correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.47 over 3. The 5-year figure is 0.45, and annualized covariance runs at 1565.3 %².
By 3-year correlation, FIVN places #4 of the 13 assets tracked against CNDT. Correlation aside, the last 12 months split them widely, with FIVN ahead by 66.9 points (-38.9% versus +28.0%).
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.
CNDT vs FIVN: side by side
| CNDT (Conduent Incorporated) | FIVN (Five9, Inc.) | |
|---|---|---|
| 1-year return | -38.9% | +28.0% |
| 5-year return | -75.2% | -81.3% |
| Volatility (ann.) | 59.4% | 55.7% |
| Beta vs S&P 500 | 1.11 | 1.84 |
| Max drawdown (3Y) | -73.8% | -84.1% |
| Market cap | $0.3B | $2.6B |
| P/E (trailing) | – | 46.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNDT | FIVN |
|---|---|---|
| 2022 | -24.2% | -50.6% |
| 2023 | -9.9% | +16.0% |
| 2024 | +10.7% | -48.4% |
| 2025 | -52.5% | -50.7% |
| 2026 | -9.4% | +72.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNDT and FIVN good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CNDT and FIVN?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.45 over the last year and 0.45 over 5 years.
Is FIVN a good diversifier for CNDT?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: CNDT correlations · FIVN correlations
