DOX vs PLAG: Correlation
Measured on weekly returns over the past three years, Amdocs Limited (DOX) and Planet Green Holdings Corp. (PLAG) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOX and PLAG?
On 3 years of weekly data the DOX/PLAG correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. The 5-year figure is -0.15, and annualized covariance runs at -866.1 %².
Out of 22 assets tracked against DOX, PLAG lands near the bottom at #20. The last year tells two different stories: DOX led by 33.5 percentage points, -25.6% for DOX against -59.1% for PLAG. One caveat on sizing: PLAG is 7.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PLAG: side by side
| DOX (Amdocs Limited) | PLAG (Planet Green Holdings Corp.) | |
|---|---|---|
| 1-year return | -25.6% | -59.1% |
| 5-year return | -8.4% | -94.2% |
| Volatility (ann.) | 21.3% | 160.4% |
| Beta vs S&P 500 | 0.54 | -0.67 |
| Max drawdown (3Y) | -45.5% | -93.8% |
| Market cap | $6.5B | – |
| P/E (trailing) | 14.8 | – |
| Dividend yield | 3.52% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOX | PLAG |
|---|---|---|
| 2022 | +23.8% | -39.2% |
| 2023 | -1.4% | -21.0% |
| 2024 | -0.9% | -46.9% |
| 2025 | -3.1% | -15.8% |
| 2026 | -20.6% | -67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOX and PLAG good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DOX and PLAG?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.21 over the last year and -0.15 over 5 years.
Is PLAG a good diversifier for DOX?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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-plag.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dox-vs-plag/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOX correlations · PLAG correlations
