Abstract: A system and method are provided to model a network path with performance characterization for individual path segments of the network path and correlate the faults and performance issues to identify the factors that are causing network path performance degradation. The system described herein provides for codebook correlation technology to identify the root cause of network path performance degradation. In an embodiment, an algorithm is provided to model the network path with performance characterization and analysis. The performance of a network path is determined by performance characteristics of individual hops along the network path. The path performance is then characterized with weighted attributes indicative of performance over individual hops along the network path. The individual hops along the network path are modeled with weighted attributes indicative of performance. The performance symptoms may be aggregated to determine path performance using codebook correlation to perform a causal analysis.