HCKT vs WK: Correlation
Measured on weekly returns over the past three years, The Hackett Group, Inc. (HCKT) and Workiva Inc. (WK) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCKT and WK?
Over the past 3 years, HCKT and WK moved with a correlation of 0.52, which is moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.52). Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 785.5 %².
Among the 20 assets we track against HCKT, WK ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WK ahead by 40.7 points (-44.1% versus -3.4%).
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.
HCKT vs WK: side by side
| HCKT (The Hackett Group, Inc.) | WK (Workiva Inc.) | |
|---|---|---|
| 1-year return | -44.1% | -3.4% |
| 5-year return | -35.3% | -46.1% |
| Volatility (ann.) | 37.5% | 40.0% |
| Beta vs S&P 500 | 0.78 | 0.72 |
| Max drawdown (3Y) | -70.5% | -61.4% |
| Market cap | $0.3B | $4.2B |
| P/E (trailing) | 17.5 | 92.4 |
| Dividend yield | 4.37% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCKT | WK |
|---|---|---|
| 2022 | +1.5% | -35.7% |
| 2023 | +14.1% | +20.9% |
| 2024 | +37.3% | +7.8% |
| 2025 | -34.7% | -21.2% |
| 2026 | -41.9% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCKT and WK good diversifiers for each other?
Only partially. A correlation of 0.52 means HCKT and WK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HCKT and WK?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.67 over the last year and 0.44 over 5 years.
Is WK a good diversifier for HCKT?
Only partially. A correlation of 0.52 means HCKT and WK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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.
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Related comparisons
Hubs: HCKT correlations · WK correlations
