AGM vs OOMA: Correlation
Federal Agricultural Mortgage Corporation (AGM) and Ooma, Inc. (OOMA) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGM and OOMA?
Over the past 3 years, AGM and OOMA moved with a correlation of 0.45, 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 0.40, and the annualized covariance of weekly returns is 528.1 %².
Among the 16 assets we track against AGM, OOMA ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OOMA ahead by 62.9 points (+11.4% versus +74.3%).
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.
AGM vs OOMA: side by side
| AGM (Federal Agricultural Mortgage Corporation) | OOMA (Ooma, Inc.) | |
|---|---|---|
| 1-year return | +11.4% | +74.3% |
| 5-year return | +167.7% | +23.7% |
| Volatility (ann.) | 30.2% | 38.7% |
| Beta vs S&P 500 | 0.85 | 0.76 |
| Max drawdown (3Y) | -32.5% | -53.4% |
| Market cap | $2.4B | $0.6B |
| P/E (trailing) | 11.9 | 62.3 |
| Dividend yield | 2.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGM | OOMA |
|---|---|---|
| 2022 | -5.8% | -33.4% |
| 2023 | +74.6% | -21.2% |
| 2024 | +6.1% | +31.0% |
| 2025 | -8.0% | -16.6% |
| 2026 | +29.3% | +96.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGM and OOMA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGM and OOMA?
The AGM/OOMA correlation stands at 0.45 on a 3-year window (1 year: 0.43, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is OOMA a good diversifier for AGM?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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.
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Related comparisons
Hubs: AGM correlations · OOMA correlations
