DEC vs OOMA: Correlation
Diversified Energy Company (DEC) and Ooma, Inc. (OOMA) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEC and OOMA?
Over the past 3 years, DEC and OOMA moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.15) than the 3-year average (-0.20). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is nan %².
Among the 27 assets we track against DEC, OOMA ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OOMA outperformed by 75.0 percentage points (-0.7% for DEC against +74.3% for OOMA).
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.
DEC vs OOMA: side by side
| DEC (Diversified Energy Company) | OOMA (Ooma, Inc.) | |
|---|---|---|
| 1-year return | -0.7% | +74.3% |
| 5-year return | n/a | +23.7% |
| Volatility (ann.) | n/a | 38.7% |
| Beta vs S&P 500 | nan | 0.76 |
| Max drawdown (3Y) | -36.6% | -53.4% |
| Market cap | $1.0B | $0.6B |
| P/E (trailing) | 2.5 | 62.3 |
| Dividend yield | 7.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEC | OOMA |
|---|---|---|
| 2022 | – | -33.4% |
| 2023 | +inf% | -21.2% |
| 2024 | +30.4% | +31.0% |
| 2025 | -4.7% | -16.6% |
| 2026 | +8.5% | +96.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEC and OOMA good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DEC and OOMA?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with 0.15 over the last year and n/a over 5 years.
Is OOMA a good diversifier for DEC?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dec-vs-ooma.json
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Related comparisons
Hubs: DEC correlations · OOMA correlations
