EGHT vs RF: Correlation
Measured on weekly returns over the past three years, 8x8 Inc (EGHT) and Regions Financial Corporation (RF) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGHT and RF?
Over the past 3 years, EGHT and RF moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 1257.8 %².
By 3-year correlation, RF places #5 of the 15 assets tracked against EGHT. Over the last 12 months RF came out ahead by 10.2 percentage points (+5.2% against +15.4%). Risk is not evenly split, since EGHT carries 2.7 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.
EGHT vs RF: side by side
| EGHT (8x8 Inc) | RF (Regions Financial Corporation) | |
|---|---|---|
| 1-year return | +5.2% | +15.4% |
| 5-year return | -91.6% | +83.5% |
| Volatility (ann.) | 80.2% | 29.2% |
| Beta vs S&P 500 | 2.07 | 1.09 |
| Max drawdown (3Y) | -59.5% | -31.9% |
| Market cap | $0.3B | $25.9B |
| P/E (trailing) | 67.0 | 12.4 |
| Dividend yield | 0.00% | 3.45% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EGHT | RF |
|---|---|---|
| 2022 | -74.2% | +2.3% |
| 2023 | -12.5% | -5.7% |
| 2024 | -29.4% | +27.0% |
| 2025 | -26.2% | +20.2% |
| 2026 | +2.0% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGHT and RF good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EGHT and RF?
The EGHT/RF correlation stands at 0.54 on a 3-year window (1 year: 0.45, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is RF a good diversifier for EGHT?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
A reading of 0.54 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/eght-vs-rf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eght-vs-rf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EGHT correlations · RF correlations
