CGEN vs OPXS: Correlation
Compugen Ltd. (CGEN) and Optex Systems Holdings, Inc. (OPXS) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGEN and OPXS?
On 3 years of weekly data the CGEN/OPXS correlation comes out at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.40 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 2278.2 %².
Among the 18 assets we track against CGEN, OPXS ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CGEN outperformed by 92.1 percentage points (+87.8% for CGEN against -4.3% for OPXS). One caveat on sizing: CGEN is 1.6 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.
CGEN vs OPXS: side by side
| CGEN (Compugen Ltd.) | OPXS (Optex Systems Holdings, Inc.) | |
|---|---|---|
| 1-year return | +87.8% | -4.3% |
| 5-year return | -59.2% | +540.0% |
| Volatility (ann.) | 95.6% | 59.8% |
| Beta vs S&P 500 | 1.63 | 0.67 |
| Max drawdown (3Y) | -60.0% | -45.7% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 7.3 | 19.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGEN | OPXS |
|---|---|---|
| 2022 | -83.3% | +57.8% |
| 2023 | +175.0% | +122.2% |
| 2024 | -22.7% | +4.7% |
| 2025 | +0.0% | +106.7% |
| 2026 | +80.4% | -27.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGEN and OPXS 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 CGEN and OPXS?
The CGEN/OPXS correlation stands at 0.40 on a 3-year window (1 year: -0.03, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is OPXS a good diversifier for CGEN?
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?
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/cgen-vs-opxs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cgen-vs-opxs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CGEN correlations · OPXS correlations
