CNDT vs JYNT: Correlation
How closely do Conduent Incorporated (CNDT) and The Joint Corp. (JYNT) 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 CNDT and JYNT?
Over the past 3 years, CNDT and JYNT moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.46 over 3. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 1146.7 %².
By 3-year correlation, JYNT places #6 of the 13 assets tracked against CNDT. Correlation aside, the last 12 months split them widely, with JYNT ahead by 17.5 points (-38.9% versus -21.4%).
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 JYNT: side by side
| CNDT (Conduent Incorporated) | JYNT (The Joint Corp.) | |
|---|---|---|
| 1-year return | -38.9% | -21.4% |
| 5-year return | -75.2% | -91.8% |
| Volatility (ann.) | 59.4% | 41.9% |
| Beta vs S&P 500 | 1.11 | 0.98 |
| Max drawdown (3Y) | -73.8% | -56.6% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | 60.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNDT | JYNT |
|---|---|---|
| 2022 | -24.2% | -78.7% |
| 2023 | -9.9% | -31.3% |
| 2024 | +10.7% | +10.6% |
| 2025 | -52.5% | -18.0% |
| 2026 | -9.4% | -3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNDT and JYNT good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CNDT and JYNT?
The CNDT/JYNT correlation stands at 0.46 on a 3-year window (1 year: 0.45, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is JYNT a good diversifier for CNDT?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cndt-vs-jynt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cndt-vs-jynt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNDT correlations · JYNT correlations
