PAYC vs STVN: Correlation
Measured on weekly returns over the past three years, Paycom Software, Inc. (PAYC) and Stevanato Group S.p.A. (STVN) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAYC and STVN?
Over the past 3 years, PAYC and STVN moved with a correlation of 0.32, which is moderate. Little has changed lately, as the 1-year reading of 0.31 lands near the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 710.1 %².
By 3-year correlation, STVN places #8 of the 17 assets tracked against PAYC. On 12-month performance PAYC holds a 5.1-point edge, +5.0% against -0.1%.
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.
PAYC vs STVN: side by side
| PAYC (Paycom Software, Inc.) | STVN (Stevanato Group S.p.A.) | |
|---|---|---|
| 1-year return | +5.0% | -0.1% |
| 5-year return | -50.2% | -6.9% |
| Volatility (ann.) | 46.9% | 47.2% |
| Beta vs S&P 500 | 0.72 | 0.80 |
| Max drawdown (3Y) | -60.8% | -61.0% |
| Market cap | $10.7B | $6.1B |
| P/E (trailing) | 25.1 | 39.1 |
| Dividend yield | 0.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAYC | STVN |
|---|---|---|
| 2022 | -25.3% | -19.7% |
| 2023 | -33.1% | +52.2% |
| 2024 | -0.0% | -19.9% |
| 2025 | -21.7% | -7.4% |
| 2026 | +49.8% | +11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAYC and STVN good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PAYC and STVN?
As of 2026-08-27, the correlation of weekly returns between PAYC and STVN is 0.32 over 3 years, 0.31 over 1 year and 0.34 over 5 years.
Is STVN a good diversifier for PAYC?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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/payc-vs-stvn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/payc-vs-stvn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAYC correlations · STVN correlations
