DOX vs NRC: Correlation
How closely do Amdocs Limited (DOX) and NRC Health (NRC) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOX and NRC?
Across a 3-year window, the weekly returns of DOX and NRC correlate at 0.38, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.38 over 3. Stretching to 5 years gives 0.32, with an annualized covariance of 393.8 %².
Among the 22 assets we track against DOX, NRC ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NRC ahead by 72.7 points (-25.6% versus +47.1%). Note the risk asymmetry: NRC runs 2.3 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.
DOX vs NRC: side by side
| DOX (Amdocs Limited) | NRC (NRC Health) | |
|---|---|---|
| 1-year return | -25.6% | +47.1% |
| 5-year return | -8.4% | -53.4% |
| Volatility (ann.) | 21.3% | 48.5% |
| Beta vs S&P 500 | 0.54 | 0.51 |
| Max drawdown (3Y) | -45.5% | -77.6% |
| Market cap | $6.5B | $0.5B |
| P/E (trailing) | 14.8 | 91.7 |
| Dividend yield | 3.52% | 2.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOX | NRC |
|---|---|---|
| 2022 | +23.8% | -8.2% |
| 2023 | -1.4% | +9.6% |
| 2024 | -0.9% | -54.5% |
| 2025 | -3.1% | +10.0% |
| 2026 | -20.6% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOX and NRC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DOX and NRC?
The DOX/NRC correlation stands at 0.38 on a 3-year window (1 year: 0.37, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is NRC a good diversifier for DOX?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/dox-vs-nrc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dox-vs-nrc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOX correlations · NRC correlations
