CNDT vs REZI: Correlation
Conduent Incorporated (CNDT) and Resideo Technologies, Inc. (REZI) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNDT and REZI?
Across a 3-year window, the weekly returns of CNDT and REZI correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 1414.0 %².
In CNDT's tracked universe of 13 assets, REZI sits right near the top at #1. The last year tells two different stories: REZI led by 21.6 percentage points, -38.9% for CNDT against -17.3% for REZI.
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 REZI: side by side
| CNDT (Conduent Incorporated) | REZI (Resideo Technologies, Inc.) | |
|---|---|---|
| 1-year return | -38.9% | -17.3% |
| 5-year return | -75.2% | -11.7% |
| Volatility (ann.) | 59.4% | 48.9% |
| Beta vs S&P 500 | 1.11 | 1.58 |
| Max drawdown (3Y) | -73.8% | -47.1% |
| Market cap | $0.3B | $3.0B |
| P/E (trailing) | – | 7.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNDT | REZI |
|---|---|---|
| 2022 | -24.2% | -36.8% |
| 2023 | -9.9% | +14.4% |
| 2024 | +10.7% | +22.5% |
| 2025 | -52.5% | +52.4% |
| 2026 | -9.4% | -18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNDT and REZI good diversifiers for each other?
Reasonably. At 0.49, CNDT and REZI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CNDT and REZI?
The CNDT/REZI correlation stands at 0.49 on a 3-year window (1 year: 0.59, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is REZI a good diversifier for CNDT?
Reasonably. At 0.49, CNDT and REZI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/cndt-vs-rezi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cndt-vs-rezi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNDT correlations · REZI correlations
