FTNT vs SSP: Correlation
Measured on weekly returns over the past three years, Fortinet (FTNT) and E.W. Scripps Company (The) (SSP) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTNT and SSP?
Across a 3-year window, the weekly returns of FTNT and SSP correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Stretching to 5 years gives -0.12, with an annualized covariance of -946.5 %².
Among the 32 assets we track against FTNT, SSP ranks #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FTNT outperformed by 83.8 percentage points (+121.1% for FTNT against +37.3% for SSP). Note the risk asymmetry: SSP runs 2.5 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.
FTNT vs SSP: side by side
| FTNT (Fortinet) | SSP (E.W. Scripps Company (The)) | |
|---|---|---|
| 1-year return | +121.1% | +37.3% |
| 5-year return | +170.5% | -77.0% |
| Volatility (ann.) | 42.1% | 107.0% |
| Beta vs S&P 500 | 1.02 | 0.27 |
| Max drawdown (3Y) | -35.1% | -84.5% |
| Market cap | $126.8B | $0.3B |
| P/E (trailing) | 60.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | FTNT | SSP |
|---|---|---|
| 2022 | -32.0% | -31.8% |
| 2023 | +19.7% | -39.4% |
| 2024 | +61.4% | -72.3% |
| 2025 | -16.0% | +140.1% |
| 2026 | +117.6% | -20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTNT and SSP good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FTNT and SSP?
The FTNT/SSP correlation stands at -0.21 on a 3-year window (1 year: -0.26, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is SSP a good diversifier for FTNT?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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/ftnt-vs-ssp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ftnt-vs-ssp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FTNT correlations · SSP correlations
