ATEN vs OSG: Correlation
Measured on weekly returns over the past three years, A10 Networks, Inc. (ATEN) and Octave Specialty Group, Inc. (OSG) 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 ATEN and OSG?
Over the past 3 years, ATEN and OSG moved with a correlation of 0.40, which is moderate. The link has tightened recently: the 1-year correlation (0.51) runs above the 3-year figure (0.40). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 699.8 %².
By 3-year correlation, OSG places #9 of the 14 assets tracked against ATEN. Their recent paths diverged sharply: over the last 12 months ATEN outperformed by 105.6 percentage points (+56.6% for ATEN against -49.0% for OSG). Note the risk asymmetry: OSG runs 1.5 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.
ATEN vs OSG: side by side
| ATEN (A10 Networks, Inc.) | OSG (Octave Specialty Group, Inc.) | |
|---|---|---|
| 1-year return | +56.6% | -49.0% |
| 5-year return | +106.4% | -68.2% |
| Volatility (ann.) | 34.0% | 51.8% |
| Beta vs S&P 500 | 0.89 | 0.86 |
| Max drawdown (3Y) | -33.9% | -78.5% |
| Market cap | $2.0B | $0.2B |
| P/E (trailing) | 44.3 | – |
| Dividend yield | 0.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATEN | OSG |
|---|---|---|
| 2022 | +1.7% | +8.7% |
| 2023 | -19.4% | -5.5% |
| 2024 | +42.1% | -23.2% |
| 2025 | -2.6% | -38.5% |
| 2026 | +53.9% | -42.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEN and OSG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATEN and OSG?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.51 over the last year and 0.24 over 5 years.
Is OSG a good diversifier for ATEN?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined 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/aten-vs-osg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aten-vs-osg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATEN correlations · OSG correlations
