HPQ vs NSIT: Correlation
How closely do HP Inc. (HPQ) and Insight Enterprises, Inc. (NSIT) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HPQ and NSIT?
On 3 years of weekly data the HPQ/NSIT correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.49 over 3. The 5-year figure is 0.45, and annualized covariance runs at 636.6 %².
Within HPQ's tracked universe of 28 assets, NSIT comes in at #13 by 3-year correlation. Over the last 12 months NSIT came out ahead by 6.5 percentage points (+14.9% against +21.4%).
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.
HPQ vs NSIT: side by side
| HPQ (HP Inc.) | NSIT (Insight Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +14.9% | +21.4% |
| 5-year return | +19.9% | +51.9% |
| Volatility (ann.) | 34.2% | 38.2% |
| Beta vs S&P 500 | 1.15 | 1.35 |
| Max drawdown (3Y) | -51.2% | -71.4% |
| Market cap | $26.7B | $4.6B |
| P/E (trailing) | 11.3 | 22.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | HPQ | NSIT |
|---|---|---|
| 2022 | -26.4% | -5.9% |
| 2023 | +16.1% | +76.7% |
| 2024 | +12.1% | -14.2% |
| 2025 | -28.7% | -46.4% |
| 2026 | +36.8% | +91.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HPQ and NSIT good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HPQ and NSIT?
The HPQ/NSIT correlation stands at 0.49 on a 3-year window (1 year: 0.52, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is NSIT a good diversifier for HPQ?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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/hpq-vs-nsit.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hpq-vs-nsit/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HPQ correlations · NSIT correlations
