CRSR vs OTLK: Correlation
How closely do Corsair Gaming, Inc. (CRSR) and Outlook Therapeutics, Inc. (OTLK) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSR and OTLK?
On 3 years of weekly data the CRSR/OTLK correlation comes out at 0.34, moderate. The link has tightened recently: the 1-year correlation (0.48) runs above the 3-year figure (0.34). The 5-year figure is 0.29, and annualized covariance runs at 3454.0 %².
OTLK is close to the least connected end of CRSR's tracked universe, ranking #15 of 19. The last year tells two different stories: CRSR led by 108.5 percentage points, +35.5% for CRSR against -73.0% for OTLK. Note the risk asymmetry: OTLK runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CRSR vs OTLK: side by side
| CRSR (Corsair Gaming, Inc.) | OTLK (Outlook Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +35.5% | -73.0% |
| 5-year return | -57.7% | -98.8% |
| Volatility (ann.) | 71.0% | 143.2% |
| Beta vs S&P 500 | 2.22 | 0.95 |
| Max drawdown (3Y) | -71.3% | -99.3% |
| Market cap | $1.3B | $0.2B |
| P/E (trailing) | 38.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRSR | OTLK |
|---|---|---|
| 2022 | -35.4% | -20.6% |
| 2023 | +3.9% | -63.5% |
| 2024 | -53.1% | -76.0% |
| 2025 | -10.1% | -16.4% |
| 2026 | +101.7% | -59.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSR and OTLK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRSR and OTLK?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.48 over the last year and 0.29 over 5 years.
Is OTLK a good diversifier for CRSR?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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/crsr-vs-otlk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crsr-vs-otlk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRSR correlations · OTLK correlations
