ABEO vs OCUL: Correlation
Measured on weekly returns over the past three years, Abeona Therapeutics Inc. (ABEO) and Ocular Therapeutix, Inc. (OCUL) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABEO and OCUL?
On 3 years of weekly data the ABEO/OCUL correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. The 5-year figure is 0.31, and annualized covariance runs at 2413.0 %².
In ABEO's tracked universe of 10 assets, OCUL sits right near the top at #3. Neither side won the trailing year by much: -12.5% against -12.2%.
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.
ABEO vs OCUL: side by side
| ABEO (Abeona Therapeutics Inc.) | OCUL (Ocular Therapeutix, Inc.) | |
|---|---|---|
| 1-year return | -12.5% | -12.2% |
| 5-year return | -81.1% | +0.7% |
| Volatility (ann.) | 70.8% | 77.8% |
| Beta vs S&P 500 | 1.33 | 1.80 |
| Max drawdown (3Y) | -63.5% | -61.6% |
| Market cap | $0.3B | $2.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABEO | OCUL |
|---|---|---|
| 2022 | -63.8% | -59.7% |
| 2023 | +62.7% | +58.7% |
| 2024 | +11.2% | +91.5% |
| 2025 | -5.4% | +42.2% |
| 2026 | +14.6% | -10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABEO and OCUL good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABEO and OCUL?
The ABEO/OCUL correlation stands at 0.44 on a 3-year window (1 year: 0.34, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is OCUL a good diversifier for ABEO?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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/abeo-vs-ocul.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abeo-vs-ocul/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABEO correlations · OCUL correlations
