PD vs UIS: Correlation
How closely do PagerDuty, Inc. (PD) and Unisys Corporation New (UIS) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PD and UIS?
Over the past 3 years, PD and UIS moved with a correlation of 0.44, which is moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.44). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 1859.2 %².
Among the 17 assets we track against PD, UIS ranks #11 by 3-year correlation. On 12-month performance PD holds a 5.3-point edge, -25.5% against -30.8%. Risk is not evenly split, since UIS carries 1.5 times the volatility of the other side.
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.
PD vs UIS: side by side
| PD (PagerDuty, Inc.) | UIS (Unisys Corporation New) | |
|---|---|---|
| 1-year return | -25.5% | -30.8% |
| 5-year return | -70.4% | -88.7% |
| Volatility (ann.) | 52.9% | 80.0% |
| Beta vs S&P 500 | 1.44 | 2.01 |
| Max drawdown (3Y) | -78.4% | -77.6% |
| Market cap | $1.0B | $0.2B |
| P/E (trailing) | 5.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PD | UIS |
|---|---|---|
| 2022 | -23.6% | -75.2% |
| 2023 | -12.8% | +10.0% |
| 2024 | -21.1% | +12.6% |
| 2025 | -28.2% | -56.4% |
| 2026 | -3.7% | -1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PD and UIS good diversifiers for each other?
Reasonably. At 0.44, PD and UIS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PD and UIS?
As of 2026-08-27, the correlation of weekly returns between PD and UIS is 0.44 over 3 years, 0.60 over 1 year and 0.31 over 5 years.
Is UIS a good diversifier for PD?
Reasonably. At 0.44, PD and UIS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/pd-vs-uis.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pd-vs-uis/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PD correlations · UIS correlations
