HAPN vs SANG: Correlation
Measured on weekly returns over the past three years, Happen, Inc. (HAPN) and Sangoma Technologies Corporation (SANG) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAPN and SANG?
On 3 years of weekly data the HAPN/SANG correlation comes out at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 751.3 %².
SANG is close to the least connected end of HAPN's tracked universe, ranking #12 of 15. Correlation aside, the last 12 months split them widely, with HAPN ahead by 45.6 points (+9.7% versus -35.9%).
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.
HAPN vs SANG: side by side
| HAPN (Happen, Inc.) | SANG (Sangoma Technologies Corporation) | |
|---|---|---|
| 1-year return | +9.7% | -35.9% |
| 5-year return | -35.2% | -78.8% |
| Volatility (ann.) | 51.5% | 42.3% |
| Beta vs S&P 500 | 1.56 | 0.77 |
| Max drawdown (3Y) | -52.2% | -55.6% |
| Market cap | $2.1B | $0.1B |
| P/E (trailing) | 11.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAPN | SANG |
|---|---|---|
| 2022 | -63.6% | -71.2% |
| 2023 | -0.7% | -34.0% |
| 2024 | +85.2% | +123.1% |
| 2025 | +17.0% | -29.0% |
| 2026 | -2.6% | -25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAPN and SANG good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HAPN and SANG?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.40 over the last year and 0.32 over 5 years.
Is SANG a good diversifier for HAPN?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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/hapn-vs-sang.json
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[](https://www.pairbook.io/pair/hapn-vs-sang/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HAPN correlations · SANG correlations
