CNXC vs NAVI: Correlation
Measured on weekly returns over the past three years, Concentrix Corporation (CNXC) and Navient Corporation (NAVI) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNXC and NAVI?
Over the past 3 years, CNXC and NAVI moved with a correlation of 0.47, which is moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.47 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 791.7 %².
Among the 11 assets we track against CNXC, NAVI ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NAVI outperformed by 15.0 percentage points (-41.9% for CNXC against -26.9% for NAVI). Note the risk asymmetry: CNXC runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CNXC vs NAVI: side by side
| CNXC (Concentrix Corporation) | NAVI (Navient Corporation) | |
|---|---|---|
| 1-year return | -41.9% | -26.9% |
| 5-year return | -81.9% | -49.1% |
| Volatility (ann.) | 52.6% | 32.0% |
| Beta vs S&P 500 | 1.27 | 0.99 |
| Max drawdown (3Y) | -78.5% | -57.6% |
| Market cap | $1.7B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 5.07% | 6.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNXC | NAVI |
|---|---|---|
| 2022 | -24.9% | -19.3% |
| 2023 | -25.4% | +17.6% |
| 2024 | -55.0% | -25.6% |
| 2025 | -1.4% | +2.6% |
| 2026 | -29.6% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNXC and NAVI 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 CNXC and NAVI?
As of 2026-08-27, the correlation of weekly returns between CNXC and NAVI is 0.47 over 3 years, 0.56 over 1 year and 0.35 over 5 years.
Is NAVI a good diversifier for CNXC?
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?
On the −1 to +1 scale, 0.47 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/cnxc-vs-navi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cnxc-vs-navi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CNXC correlations · NAVI correlations
