HCAT vs PINS: Correlation
Measured on weekly returns over the past three years, Health Catalyst, Inc (HCAT) and Pinterest, Inc. (PINS) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCAT and PINS?
Over the past 3 years, HCAT and PINS moved with a correlation of 0.46, which is moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.46). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 1594.5 %².
By 3-year correlation, PINS places #5 of the 14 assets tracked against HCAT. Correlation aside, the last 12 months split them widely, with PINS ahead by 20.2 points (-56.9% versus -36.7%).
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.
HCAT vs PINS: side by side
| HCAT (Health Catalyst, Inc) | PINS (Pinterest, Inc.) | |
|---|---|---|
| 1-year return | -56.9% | -36.7% |
| 5-year return | -97.0% | -59.5% |
| Volatility (ann.) | 71.7% | 48.1% |
| Beta vs S&P 500 | 1.49 | 1.48 |
| Max drawdown (3Y) | -91.6% | -65.7% |
| Market cap | $0.1B | $13.0B |
| P/E (trailing) | – | 69.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCAT | PINS |
|---|---|---|
| 2022 | -73.2% | -33.2% |
| 2023 | -12.9% | +52.6% |
| 2024 | -23.7% | -21.7% |
| 2025 | -66.2% | -10.7% |
| 2026 | -33.5% | -11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCAT and PINS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HCAT and PINS?
As of 2026-08-27, the correlation of weekly returns between HCAT and PINS is 0.46 over 3 years, 0.59 over 1 year and 0.41 over 5 years.
Is PINS a good diversifier for HCAT?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/hcat-vs-pins.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hcat-vs-pins/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HCAT correlations · PINS correlations
