IT vs RAMP: Correlation
Measured on weekly returns over the past three years, Gartner (IT) and LiveRamp Holdings, Inc. (RAMP) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IT and RAMP?
On 3 years of weekly data the IT/RAMP correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 766.5 %².
By 3-year correlation, RAMP places #18 of the 36 assets tracked against IT. Correlation aside, the last 12 months split them widely, with RAMP ahead by 58.3 points (-20.2% versus +38.1%).
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.
IT vs RAMP: side by side
| IT (Gartner) | RAMP (LiveRamp Holdings, Inc.) | |
|---|---|---|
| 1-year return | -20.2% | +38.1% |
| 5-year return | -36.0% | -22.9% |
| Volatility (ann.) | 40.6% | 40.4% |
| Beta vs S&P 500 | 0.92 | 1.07 |
| Max drawdown (3Y) | -77.2% | -48.2% |
| Market cap | $12.4B | $2.3B |
| P/E (trailing) | 17.4 | 15.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | IT | RAMP |
|---|---|---|
| 2022 | +0.5% | -51.1% |
| 2023 | +34.2% | +61.6% |
| 2024 | +7.4% | -19.8% |
| 2025 | -47.9% | -3.3% |
| 2026 | -22.1% | +28.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IT and RAMP good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IT and RAMP?
The IT/RAMP correlation stands at 0.47 on a 3-year window (1 year: 0.38, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is RAMP a good diversifier for IT?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IT correlations · RAMP correlations
