EDUC vs PHUN: Correlation
Measured on weekly returns over the past three years, Educational Development Corporation (EDUC) and Phunware, Inc. (PHUN) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDUC and PHUN?
On 3 years of weekly data the EDUC/PHUN correlation comes out at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. The 5-year figure is 0.07, and annualized covariance runs at 3205.0 %².
PHUN is one of the assets that tracks EDUC most closely: it ranks #1 out of the 14 assets we track against EDUC. Their recent paths diverged sharply: over the last 12 months EDUC outperformed by 46.0 percentage points (+25.9% for EDUC against -20.1% for PHUN). Note the risk asymmetry: PHUN runs 2.6 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.
EDUC vs PHUN: side by side
| EDUC (Educational Development Corporation) | PHUN (Phunware, Inc.) | |
|---|---|---|
| 1-year return | +25.9% | -20.1% |
| 5-year return | -85.6% | -96.0% |
| Volatility (ann.) | 62.4% | 162.6% |
| Beta vs S&P 500 | 0.67 | 1.61 |
| Max drawdown (3Y) | -63.5% | -92.6% |
| Market cap | – | – |
| P/E (trailing) | 5.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EDUC | PHUN |
|---|---|---|
| 2022 | -64.6% | -70.6% |
| 2023 | -63.3% | -89.4% |
| 2024 | +42.2% | +26.8% |
| 2025 | -20.0% | -64.4% |
| 2026 | +3.0% | +14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDUC and PHUN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EDUC and PHUN?
As of 2026-08-27, the correlation of weekly returns between EDUC and PHUN is 0.32 over 3 years, 0.31 over 1 year and 0.07 over 5 years.
Is PHUN a good diversifier for EDUC?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/educ-vs-phun.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/educ-vs-phun/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EDUC correlations · PHUN correlations
