CGEN vs ESOA: Correlation
How closely do Compugen Ltd. (CGEN) and Energy Services of America Corporation (ESOA) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGEN and ESOA?
Across a 3-year window, the weekly returns of CGEN and ESOA correlate at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.05 versus 0.40 over 3 years. Stretching to 5 years gives 0.23, with an annualized covariance of 2679.1 %².
By 3-year correlation, ESOA places #7 of the 18 assets tracked against CGEN. Their recent paths diverged sharply: over the last 12 months CGEN outperformed by 73.8 percentage points (+87.8% for CGEN against +14.0% for ESOA).
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.
CGEN vs ESOA: side by side
| CGEN (Compugen Ltd.) | ESOA (Energy Services of America Corporation) | |
|---|---|---|
| 1-year return | +87.8% | +14.0% |
| 5-year return | -59.2% | +517.2% |
| Volatility (ann.) | 95.6% | 70.1% |
| Beta vs S&P 500 | 1.63 | 0.86 |
| Max drawdown (3Y) | -60.0% | -57.4% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | 7.3 | 19.1 |
| Dividend yield | 0.00% | 1.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGEN | ESOA |
|---|---|---|
| 2022 | -83.3% | -22.1% |
| 2023 | +175.0% | +141.3% |
| 2024 | -22.7% | +111.4% |
| 2025 | +0.0% | -34.4% |
| 2026 | +80.4% | +43.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGEN and ESOA good diversifiers for each other?
Reasonably. At 0.40, CGEN and ESOA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CGEN and ESOA?
The CGEN/ESOA correlation stands at 0.40 on a 3-year window (1 year: -0.05, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is ESOA a good diversifier for CGEN?
Reasonably. At 0.40, CGEN and ESOA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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.
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Related comparisons
Hubs: CGEN correlations · ESOA correlations
