ALKT vs OSPN: Correlation
How closely do Alkami Technology, Inc. (ALKT) and OneSpan Inc. (OSPN) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALKT and OSPN?
On 3 years of weekly data the ALKT/OSPN correlation comes out at 0.54, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.54 over 3. The 5-year figure is 0.44, and annualized covariance runs at 1061.7 %².
OSPN is one of the assets that tracks ALKT most closely: it ranks #3 out of the 11 assets we track against ALKT. Correlation aside, the last 12 months split them widely, with OSPN ahead by 35.1 points (-19.5% versus +15.6%).
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.
ALKT vs OSPN: side by side
| ALKT (Alkami Technology, Inc.) | OSPN (OneSpan Inc.) | |
|---|---|---|
| 1-year return | -19.5% | +15.6% |
| 5-year return | -28.5% | -8.3% |
| Volatility (ann.) | 45.4% | 43.6% |
| Beta vs S&P 500 | 1.31 | 1.28 |
| Max drawdown (3Y) | -65.4% | -47.9% |
| Market cap | $2.2B | $0.6B |
| P/E (trailing) | – | 9.3 |
| Dividend yield | 0.00% | 3.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALKT | OSPN |
|---|---|---|
| 2022 | -27.3% | -33.9% |
| 2023 | +66.2% | -4.2% |
| 2024 | +51.3% | +72.9% |
| 2025 | -37.1% | -28.5% |
| 2026 | -11.8% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALKT and OSPN good diversifiers for each other?
Only partially. A correlation of 0.54 means ALKT and OSPN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ALKT and OSPN?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.56 over the last year and 0.44 over 5 years.
Is OSPN a good diversifier for ALKT?
Only partially. A correlation of 0.54 means ALKT and OSPN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 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
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Related comparisons
Hubs: ALKT correlations · OSPN correlations
