ASTE vs OCG: Correlation
Measured on weekly returns over the past three years, Astec Industries, Inc. (ASTE) and Oriental Culture Holding LTD (OCG) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTE and OCG?
Over the past 3 years, ASTE and OCG moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.22 over 3. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1497.2 %².
Among the 13 assets we track against ASTE, OCG sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with ASTE ahead by 94.0 points (-5.9% versus -99.9%). One caveat on sizing: OCG is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ASTE vs OCG: side by side
| ASTE (Astec Industries, Inc.) | OCG (Oriental Culture Holding LTD) | |
|---|---|---|
| 1-year return | -5.9% | -99.9% |
| 5-year return | -23.7% | -100.0% |
| Volatility (ann.) | 45.5% | 149.7% |
| Beta vs S&P 500 | 0.95 | 0.32 |
| Max drawdown (3Y) | -47.0% | -100.0% |
| Market cap | $1.0B | – |
| P/E (trailing) | 52.6 | – |
| Dividend yield | 1.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASTE | OCG |
|---|---|---|
| 2022 | -40.6% | -90.2% |
| 2023 | -7.3% | -42.9% |
| 2024 | -8.4% | -14.0% |
| 2025 | +30.6% | -92.4% |
| 2026 | +2.7% | -97.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTE and OCG good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASTE and OCG?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.28 over the last year and -0.13 over 5 years.
Is OCG a good diversifier for ASTE?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ASTE correlations · OCG correlations
