ALLO vs OSUR: Correlation
Measured on weekly returns over the past three years, Allogene Therapeutics, Inc. (ALLO) and OraSure Technologies, Inc. (OSUR) 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 ALLO and OSUR?
Over the past 3 years, ALLO and OSUR moved with a correlation of 0.44, which is moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 1513.7 %².
By 3-year correlation, OSUR places #14 of the 21 assets tracked against ALLO. The last year tells two different stories: ALLO led by 69.7 percentage points, +80.2% for ALLO against +10.5% for OSUR. Note the risk asymmetry: ALLO runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ALLO vs OSUR: side by side
| ALLO (Allogene Therapeutics, Inc.) | OSUR (OraSure Technologies, Inc.) | |
|---|---|---|
| 1-year return | +80.2% | +10.5% |
| 5-year return | -91.3% | -66.1% |
| Volatility (ann.) | 83.3% | 40.8% |
| Beta vs S&P 500 | 1.96 | 0.83 |
| Max drawdown (3Y) | -83.1% | -74.7% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLO | OSUR |
|---|---|---|
| 2022 | -57.8% | -44.5% |
| 2023 | -49.0% | +70.1% |
| 2024 | -33.6% | -56.0% |
| 2025 | -35.7% | -33.0% |
| 2026 | +52.6% | +52.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLO and OSUR 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 ALLO and OSUR?
The ALLO/OSUR correlation stands at 0.44 on a 3-year window (1 year: 0.44, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is OSUR a good diversifier for ALLO?
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/allo-vs-osur.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/allo-vs-osur/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALLO correlations · OSUR correlations
