ASYS vs ORBS: Correlation
Measured on weekly returns over the past three years, Amtech Systems, Inc. (ASYS) and Eightco Holdings Inc. (ORBS) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASYS and ORBS?
Over the past 3 years, ASYS and ORBS moved with a correlation of 0.36, which is moderate. The past 12 months show a tighter link (0.47) than the 3-year average (0.36). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 14962.1 %².
Few assets follow ASYS as closely as ORBS, which ranks #1 of 10 tracked partners. The last year tells two different stories: ASYS led by 210.1 percentage points, +165.2% for ASYS against -44.9% for ORBS. Risk is not evenly split, since ORBS carries 8.0 times the volatility of the other side.
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.
ASYS vs ORBS: side by side
| ASYS (Amtech Systems, Inc.) | ORBS (Eightco Holdings Inc.) | |
|---|---|---|
| 1-year return | +165.2% | -44.9% |
| 5-year return | +54.0% | -100.0% |
| Volatility (ann.) | 71.9% | 575.8% |
| Beta vs S&P 500 | 0.92 | 3.91 |
| Max drawdown (3Y) | -61.3% | -98.7% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 56.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASYS | ORBS |
|---|---|---|
| 2022 | -23.1% | – |
| 2023 | -44.7% | -94.6% |
| 2024 | +29.8% | -14.8% |
| 2025 | +130.3% | -21.0% |
| 2026 | +26.1% | -52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASYS and ORBS good diversifiers for each other?
Reasonably. At 0.36, ASYS and ORBS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASYS and ORBS?
The ASYS/ORBS correlation stands at 0.36 on a 3-year window (1 year: 0.47, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is ORBS a good diversifier for ASYS?
Reasonably. At 0.36, ASYS and ORBS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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/asys-vs-orbs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asys-vs-orbs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASYS correlations · ORBS correlations
