CTSH vs EFOR: Correlation
How closely do Cognizant (CTSH) and Everforth, Inc. (EFOR) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and EFOR?
Across a 3-year window, the weekly returns of CTSH and EFOR correlate at 0.60, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 1063.2 %².
Among the 44 assets we track against CTSH, EFOR ranks #12 by 3-year correlation. The last year tells two different stories: CTSH led by 30.9 percentage points, -9.8% for CTSH against -40.7% for EFOR. Risk is not evenly split, since EFOR carries 1.7 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.
CTSH vs EFOR: side by side
| CTSH (Cognizant) | EFOR (Everforth, Inc.) | |
|---|---|---|
| 1-year return | -9.8% | -40.7% |
| 5-year return | -9.6% | -71.9% |
| Volatility (ann.) | 32.3% | 54.8% |
| Beta vs S&P 500 | 0.89 | 0.83 |
| Max drawdown (3Y) | -56.1% | -83.7% |
| Market cap | $28.7B | $1.3B |
| P/E (trailing) | 13.3 | 16.2 |
| Dividend yield | 2.09% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CTSH | EFOR |
|---|---|---|
| 2022 | -34.5% | -34.0% |
| 2023 | +34.4% | +18.0% |
| 2024 | +3.5% | -13.3% |
| 2025 | +9.7% | -42.2% |
| 2026 | -21.8% | -34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and EFOR good diversifiers for each other?
Only partially. A correlation of 0.60 means CTSH and EFOR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CTSH and EFOR?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.68 over the last year and 0.56 over 5 years.
Is EFOR a good diversifier for CTSH?
Only partially. A correlation of 0.60 means CTSH and EFOR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/ctsh-vs-efor.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctsh-vs-efor/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTSH correlations · EFOR correlations
