DAKT vs ORBS: Correlation
Daktronics, Inc. (DAKT) and Eightco Holdings Inc. (ORBS) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAKT and ORBS?
Across a 3-year window, the weekly returns of DAKT and ORBS correlate at 0.41, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.41 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 12150.2 %².
Within DAKT's tracked universe of 11 assets, ORBS comes in at #4 by 3-year correlation. The last year tells two different stories: DAKT led by 58.4 percentage points, +13.5% for DAKT against -44.9% for ORBS. Note the risk asymmetry: ORBS runs 11.2 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.
DAKT vs ORBS: side by side
| DAKT (Daktronics, Inc.) | ORBS (Eightco Holdings Inc.) | |
|---|---|---|
| 1-year return | +13.5% | -44.9% |
| 5-year return | +222.0% | -100.0% |
| Volatility (ann.) | 51.5% | 575.8% |
| Beta vs S&P 500 | 1.28 | 3.91 |
| Max drawdown (3Y) | -42.0% | -98.7% |
| Market cap | $0.9B | $0.3B |
| P/E (trailing) | 21.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAKT | ORBS |
|---|---|---|
| 2022 | -44.2% | – |
| 2023 | +200.7% | -94.6% |
| 2024 | +98.8% | -14.8% |
| 2025 | +17.3% | -21.0% |
| 2026 | -0.8% | -52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAKT and ORBS good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DAKT and ORBS?
The DAKT/ORBS correlation stands at 0.41 on a 3-year window (1 year: 0.69, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is ORBS a good diversifier for DAKT?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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/dakt-vs-orbs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dakt-vs-orbs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DAKT correlations · ORBS correlations
