COOT vs OMER: Correlation
Australian Oilseeds Holdings Limited (COOT) and Omeros Corporation (OMER) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COOT and OMER?
Over the past 3 years, COOT and OMER moved with a correlation of 0.37, which is moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.37). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 6465.8 %².
Within COOT's tracked universe of 10 assets, OMER comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OMER outperformed by 378.1 percentage points (-25.2% for COOT against +352.9% for OMER).
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.
COOT vs OMER: side by side
| COOT (Australian Oilseeds Holdings Limited) | OMER (Omeros Corporation) | |
|---|---|---|
| 1-year return | -25.2% | +352.9% |
| 5-year return | -95.4% | +22.7% |
| Volatility (ann.) | 146.6% | 119.0% |
| Beta vs S&P 500 | 0.13 | 1.80 |
| Max drawdown (3Y) | -97.0% | -75.6% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | 11.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COOT | OMER |
|---|---|---|
| 2022 | +2.8% | -64.9% |
| 2023 | +10.1% | +44.7% |
| 2024 | -89.7% | +202.1% |
| 2025 | -56.7% | +73.9% |
| 2026 | -10.7% | +12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COOT and OMER good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between COOT and OMER?
As of 2026-08-27, the correlation of weekly returns between COOT and OMER is 0.37 over 3 years, 0.57 over 1 year and 0.28 over 5 years.
Is OMER a good diversifier for COOT?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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/coot-vs-omer.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coot-vs-omer/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COOT correlations · OMER correlations
