CATY vs ORGO: Correlation
How closely do Cathay General Bancorp (CATY) and Organogenesis Holdings Inc. - Class A (ORGO) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATY and ORGO?
On 3 years of weekly data the CATY/ORGO correlation comes out at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.42 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 1017.7 %².
Within CATY's tracked universe of 28 assets, ORGO comes in at #23 by 3-year correlation. The last year tells two different stories: CATY led by 90.7 percentage points, +26.7% for CATY against -64.0% for ORGO. One caveat on sizing: ORGO is 3.4 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.
CATY vs ORGO: side by side
| CATY (Cathay General Bancorp) | ORGO (Organogenesis Holdings Inc. - Class A) | |
|---|---|---|
| 1-year return | +26.7% | -64.0% |
| 5-year return | +83.2% | -89.3% |
| Volatility (ann.) | 26.8% | 90.0% |
| Beta vs S&P 500 | 0.82 | 1.25 |
| Max drawdown (3Y) | -29.7% | -74.5% |
| Market cap | $4.1B | $0.2B |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 2.39% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATY | ORGO |
|---|---|---|
| 2022 | -2.1% | -70.9% |
| 2023 | +13.5% | +52.0% |
| 2024 | +10.3% | -21.8% |
| 2025 | +4.6% | +61.9% |
| 2026 | +30.2% | -66.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATY and ORGO good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CATY and ORGO?
The CATY/ORGO correlation stands at 0.42 on a 3-year window (1 year: 0.29, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is ORGO a good diversifier for CATY?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/caty-vs-orgo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/caty-vs-orgo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CATY correlations · ORGO correlations
