CTSH vs EHGO: Correlation
Cognizant (CTSH) and Eshallgo Inc. - Class A (EHGO) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and EHGO?
Across a 3-year window, the weekly returns of CTSH and EHGO correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1009.6 %².
Within CTSH's tracked universe of 44 assets, EHGO comes in at #39 by 3-year correlation. The last year tells two different stories: CTSH led by 80.3 percentage points, -9.8% for CTSH against -90.1% for EHGO. Note the risk asymmetry: EHGO runs 4.0 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.
CTSH vs EHGO: side by side
| CTSH (Cognizant) | EHGO (Eshallgo Inc. - Class A) | |
|---|---|---|
| 1-year return | -9.8% | -90.1% |
| 5-year return | -9.6% | n/a |
| Volatility (ann.) | 32.3% | 127.9% |
| Beta vs S&P 500 | 0.89 | -1.42 |
| Max drawdown (3Y) | -56.1% | -98.5% |
| Market cap | $28.7B | – |
| P/E (trailing) | 13.3 | – |
| Dividend yield | 2.09% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CTSH | EHGO |
|---|---|---|
| 2022 | -34.5% | – |
| 2023 | +34.4% | – |
| 2024 | +3.5% | – |
| 2025 | +9.7% | -94.4% |
| 2026 | -21.8% | -65.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and EHGO good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CTSH and EHGO?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.32 over the last year and n/a over 5 years.
Is EHGO a good diversifier for CTSH?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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/ctsh-vs-ehgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctsh-vs-ehgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTSH correlations · EHGO correlations
