ELTK vs SSTI: Correlation
Eltek Ltd. (ELTK) and SoundThinking, Inc. (SSTI) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELTK and SSTI?
Over the past 3 years, ELTK and SSTI moved with a correlation of 0.29, which is weak. Recent behaviour matches the longer record: 0.38 over 1 year against 0.29 over 3. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 797.4 %².
SSTI is one of the assets that tracks ELTK most closely: it ranks #2 out of the 16 assets we track against ELTK. The last year tells two different stories: ELTK led by 26.5 percentage points, -22.8% for ELTK against -49.3% for SSTI.
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.
ELTK vs SSTI: side by side
| ELTK (Eltek Ltd.) | SSTI (SoundThinking, Inc.) | |
|---|---|---|
| 1-year return | -22.8% | -49.3% |
| 5-year return | +27.7% | -83.7% |
| Volatility (ann.) | 50.9% | 53.5% |
| Beta vs S&P 500 | 0.40 | 1.25 |
| Max drawdown (3Y) | -65.7% | -78.3% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ELTK | SSTI |
|---|---|---|
| 2022 | +15.0% | +14.6% |
| 2023 | +244.5% | -24.5% |
| 2024 | -20.7% | -48.9% |
| 2025 | -20.0% | -38.5% |
| 2026 | -8.8% | -21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELTK and SSTI good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ELTK and SSTI?
As of 2026-08-27, the correlation of weekly returns between ELTK and SSTI is 0.29 over 3 years, 0.38 over 1 year and 0.26 over 5 years.
Is SSTI a good diversifier for ELTK?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/eltk-vs-ssti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eltk-vs-ssti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ELTK correlations · SSTI correlations
