CNXC vs TTEC: Correlation
Measured on weekly returns over the past three years, Concentrix Corporation (CNXC) and TTEC Holdings, Inc. (TTEC) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNXC and TTEC?
Over the past 3 years, CNXC and TTEC moved with a correlation of 0.46, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.46 over 3 years. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 2035.6 %².
Within CNXC's tracked universe of 11 assets, TTEC comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CNXC outperformed by 20.5 percentage points (-41.9% for CNXC against -62.4% for TTEC). Risk is not evenly split, since TTEC carries 1.6 times the volatility of the other side.
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 TTEC: side by side
| CNXC (Concentrix Corporation) | TTEC (TTEC Holdings, Inc.) | |
|---|---|---|
| 1-year return | -41.9% | -62.4% |
| 5-year return | -81.9% | -98.6% |
| Volatility (ann.) | 52.6% | 83.7% |
| Beta vs S&P 500 | 1.27 | 1.01 |
| Max drawdown (3Y) | -78.5% | -95.4% |
| Market cap | $1.7B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 5.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNXC | TTEC |
|---|---|---|
| 2022 | -24.9% | -50.4% |
| 2023 | -25.4% | -49.1% |
| 2024 | -55.0% | -76.8% |
| 2025 | -1.4% | -27.9% |
| 2026 | -29.6% | -61.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNXC and TTEC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CNXC and TTEC?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.56 over the last year and 0.45 over 5 years.
Is TTEC a good diversifier for CNXC?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cnxc-vs-ttec.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cnxc-vs-ttec/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNXC correlations · TTEC correlations
