EVGN vs PSMT: Correlation
How closely do Evogene Ltd. (EVGN) and PriceSmart, Inc. (PSMT) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVGN and PSMT?
Over the past 3 years, EVGN and PSMT moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.21). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -351.4 %².
Out of 10 assets tracked against EVGN, PSMT lands near the bottom at #9. The last year tells two different stories: PSMT led by 118.0 percentage points, -58.9% for EVGN against +59.1% for PSMT. Note the risk asymmetry: EVGN runs 3.1 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.
EVGN vs PSMT: side by side
| EVGN (Evogene Ltd.) | PSMT (PriceSmart, Inc.) | |
|---|---|---|
| 1-year return | -58.9% | +59.1% |
| 5-year return | -97.9% | +116.4% |
| Volatility (ann.) | 71.8% | 23.4% |
| Beta vs S&P 500 | 1.04 | 0.42 |
| Max drawdown (3Y) | -96.0% | -24.0% |
| Market cap | – | $5.3B |
| P/E (trailing) | – | 33.8 |
| Dividend yield | 0.00% | 0.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVGN | PSMT |
|---|---|---|
| 2022 | -57.3% | -15.9% |
| 2023 | +20.0% | +26.2% |
| 2024 | -77.7% | +25.0% |
| 2025 | -41.2% | +34.8% |
| 2026 | -51.1% | +42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVGN and PSMT good diversifiers for each other?
Yes. With a correlation of -0.21, EVGN and PSMT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EVGN and PSMT?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.35 over the last year and -0.11 over 5 years.
Is PSMT a good diversifier for EVGN?
Yes. With a correlation of -0.21, EVGN and PSMT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/evgn-vs-psmt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evgn-vs-psmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVGN correlations · PSMT correlations
