AMTX vs OCGN: Correlation
Measured on weekly returns over the past three years, Aemetis, Inc (AMTX) and Ocugen, Inc. (OCGN) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMTX and OCGN?
On 3 years of weekly data the AMTX/OCGN correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.40 over 3. The 5-year figure is 0.30, and annualized covariance runs at 3741.8 %².
OCGN is one of the assets that tracks AMTX most closely: it ranks #3 out of the 10 assets we track against AMTX. Their recent paths diverged sharply: over the last 12 months OCGN outperformed by 59.2 percentage points (-27.5% for AMTX against +31.7% for OCGN).
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.
AMTX vs OCGN: side by side
| AMTX (Aemetis, Inc) | OCGN (Ocugen, Inc.) | |
|---|---|---|
| 1-year return | -27.5% | +31.7% |
| 5-year return | -81.7% | -81.2% |
| Volatility (ann.) | 98.5% | 95.8% |
| Beta vs S&P 500 | 1.51 | 1.22 |
| Max drawdown (3Y) | -79.2% | -73.9% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMTX | OCGN |
|---|---|---|
| 2022 | -67.8% | -71.4% |
| 2023 | +32.3% | -55.8% |
| 2024 | -48.7% | +40.0% |
| 2025 | -48.3% | +67.7% |
| 2026 | +34.5% | +1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMTX and OCGN good diversifiers for each other?
Reasonably. At 0.40, AMTX and OCGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AMTX and OCGN?
The AMTX/OCGN correlation stands at 0.40 on a 3-year window (1 year: 0.41, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is OCGN a good diversifier for AMTX?
Reasonably. At 0.40, AMTX and OCGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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
$ curl https://www.pairbook.io/api/v1/pairs/amtx-vs-ocgn.json
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Related comparisons
Hubs: AMTX correlations · OCGN correlations
