PAY vs SNDA: Correlation
How closely do Paymentus Holdings, Inc. (PAY) and Sonida Senior Living, Inc. (SNDA) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAY and SNDA?
Over the past 3 years, PAY and SNDA moved with a correlation of 0.39, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 1359.1 %².
By 3-year correlation, SNDA places #6 of the 11 assets tracked against PAY. Correlation aside, the last 12 months split them widely, with SNDA ahead by 55.8 points (-6.8% versus +49.0%).
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.
PAY vs SNDA: side by side
| PAY (Paymentus Holdings, Inc.) | SNDA (Sonida Senior Living, Inc.) | |
|---|---|---|
| 1-year return | -6.8% | +49.0% |
| 5-year return | +38.6% | +6.6% |
| Volatility (ann.) | 57.0% | 61.1% |
| Beta vs S&P 500 | 1.24 | 0.66 |
| Max drawdown (3Y) | -49.3% | -41.0% |
| Market cap | $4.5B | $1.9B |
| P/E (trailing) | 60.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAY | SNDA |
|---|---|---|
| 2022 | -77.1% | -56.1% |
| 2023 | +123.1% | -22.7% |
| 2024 | +82.8% | +138.9% |
| 2025 | -3.3% | +41.3% |
| 2026 | +12.7% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAY and SNDA good diversifiers for each other?
Reasonably. At 0.39, PAY and SNDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PAY and SNDA?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.43 over the last year and 0.28 over 5 years.
Is SNDA a good diversifier for PAY?
Reasonably. At 0.39, PAY and SNDA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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/pay-vs-snda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pay-vs-snda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAY correlations · SNDA correlations
