CTSH vs GLOB: Correlation
How closely do Cognizant (CTSH) and Globant S.A. (GLOB) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and GLOB?
Across a 3-year window, the weekly returns of CTSH and GLOB correlate at 0.68, strong. The past 12 months show a tighter link (0.80) than the 3-year average (0.68). Stretching to 5 years gives 0.65, with an annualized covariance of 1126.1 %².
By 3-year correlation, GLOB places #6 of the 44 assets tracked against CTSH. Their recent paths diverged sharply: over the last 12 months CTSH outperformed by 31.0 percentage points (-9.8% for CTSH against -40.8% for GLOB). Risk is not evenly split, since GLOB 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.
CTSH vs GLOB: side by side
| CTSH (Cognizant) | GLOB (Globant S.A.) | |
|---|---|---|
| 1-year return | -9.8% | -40.8% |
| 5-year return | -9.6% | -87.5% |
| Volatility (ann.) | 32.3% | 50.9% |
| Beta vs S&P 500 | 0.89 | 1.27 |
| Max drawdown (3Y) | -56.1% | -88.9% |
| Market cap | $28.7B | $1.7B |
| P/E (trailing) | 13.3 | 15.2 |
| Dividend yield | 2.09% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CTSH | GLOB |
|---|---|---|
| 2022 | -34.5% | -46.5% |
| 2023 | +34.4% | +41.5% |
| 2024 | +3.5% | -9.9% |
| 2025 | +9.7% | -69.5% |
| 2026 | -21.8% | -38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and GLOB good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CTSH and GLOB?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.80 over the last year and 0.65 over 5 years.
Is GLOB a good diversifier for CTSH?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
A reading of 0.68 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-glob.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctsh-vs-glob/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTSH correlations · GLOB correlations
