CNDT vs TEAD: Correlation
How closely do Conduent Incorporated (CNDT) and Te (TEAD) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNDT and TEAD?
Across a 3-year window, the weekly returns of CNDT and TEAD correlate at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 1843.8 %².
Within CNDT's tracked universe of 13 assets, TEAD comes in at #7 by 3-year correlation. The last year tells two different stories: CNDT led by 34.7 percentage points, -38.9% for CNDT against -73.6% for TEAD.
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 TEAD: side by side
| CNDT (Conduent Incorporated) | TEAD (Te) | |
|---|---|---|
| 1-year return | -38.9% | -73.6% |
| 5-year return | -75.2% | -97.2% |
| Volatility (ann.) | 59.4% | 71.3% |
| Beta vs S&P 500 | 1.11 | 1.33 |
| Max drawdown (3Y) | -73.8% | -93.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNDT | TEAD |
|---|---|---|
| 2022 | -24.2% | -74.1% |
| 2023 | -9.9% | +21.0% |
| 2024 | +10.7% | +63.9% |
| 2025 | -52.5% | -90.2% |
| 2026 | -9.4% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNDT and TEAD good diversifiers for each other?
Reasonably. At 0.44, CNDT and TEAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CNDT and TEAD?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.38 over the last year and 0.42 over 5 years.
Is TEAD a good diversifier for CNDT?
Reasonably. At 0.44, CNDT and TEAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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-tead.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cndt-vs-tead/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNDT correlations · TEAD correlations
