CODA vs ORCL: Correlation
Coda Octopus Group, Inc. (CODA) and Oracle Corporation (ORCL) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CODA and ORCL?
On 3 years of weekly data the CODA/ORCL correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.32 over 3. The 5-year figure is 0.26, and annualized covariance runs at 690.6 %².
Among the 10 assets we track against CODA, ORCL ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CODA outperformed by 70.8 percentage points (+36.0% for CODA against -34.8% for ORCL).
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.
CODA vs ORCL: side by side
| CODA (Coda Octopus Group, Inc.) | ORCL (Oracle Corporation) | |
|---|---|---|
| 1-year return | +36.0% | -34.8% |
| 5-year return | +13.9% | +81.7% |
| Volatility (ann.) | 42.9% | 49.9% |
| Beta vs S&P 500 | 0.67 | 1.71 |
| Max drawdown (3Y) | -44.9% | -64.6% |
| Market cap | $0.1B | $437.7B |
| P/E (trailing) | 23.2 | 25.5 |
| Dividend yield | 0.00% | 1.34% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CODA | ORCL |
|---|---|---|
| 2022 | -14.2% | -4.6% |
| 2023 | -12.2% | +30.9% |
| 2024 | +30.1% | +60.0% |
| 2025 | +18.8% | +18.1% |
| 2026 | +12.2% | -21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CODA and ORCL good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CODA and ORCL?
The CODA/ORCL correlation stands at 0.32 on a 3-year window (1 year: 0.40, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is ORCL a good diversifier for CODA?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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/coda-vs-orcl.json
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Related comparisons
Hubs: CODA correlations · ORCL correlations
