EGAN vs FLUX: Correlation
Measured on weekly returns over the past three years, eGain Corporation (EGAN) and Flux Power Holdings, Inc. (FLUX) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGAN and FLUX?
Across a 3-year window, the weekly returns of EGAN and FLUX correlate at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 1978.6 %².
FLUX is one of the assets that tracks EGAN most closely: it ranks #3 out of the 10 assets we track against EGAN. The last year tells two different stories: EGAN led by 80.2 percentage points, +18.7% for EGAN against -61.5% for FLUX. Note the risk asymmetry: FLUX runs 2.1 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.
EGAN vs FLUX: side by side
| EGAN (eGain Corporation) | FLUX (Flux Power Holdings, Inc.) | |
|---|---|---|
| 1-year return | +18.7% | -61.5% |
| 5-year return | -36.1% | -92.4% |
| Volatility (ann.) | 49.6% | 103.0% |
| Beta vs S&P 500 | 0.86 | 1.61 |
| Max drawdown (3Y) | -60.5% | -92.3% |
| Market cap | $0.2B | – |
| P/E (trailing) | 5.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGAN | FLUX |
|---|---|---|
| 2022 | -9.5% | -7.5% |
| 2023 | -7.8% | +3.5% |
| 2024 | -25.2% | -61.6% |
| 2025 | +65.2% | -19.6% |
| 2026 | -27.3% | -49.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGAN and FLUX good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EGAN and FLUX?
As of 2026-08-27, the correlation of weekly returns between EGAN and FLUX is 0.39 over 3 years, 0.49 over 1 year and 0.34 over 5 years.
Is FLUX a good diversifier for EGAN?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/egan-vs-flux.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/egan-vs-flux/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EGAN correlations · FLUX correlations
