DMC vs OMCL: Correlation
Del Monte Corporation (DMC) and Omnicell, Inc. (OMCL) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMC and OMCL?
Over the past 3 years, DMC and OMCL moved with a correlation of 0.39, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.39 over 3 years. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 488.4 %².
OMCL is one of the assets that tracks DMC most closely: it ranks #3 out of the 17 assets we track against DMC. The trailing year gives OMCL the advantage: -11.1% versus +0.5%, a 11.6-point spread. Note the risk asymmetry: OMCL runs 1.9 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.
DMC vs OMCL: side by side
| DMC (Del Monte Corporation) | OMCL (Omnicell, Inc.) | |
|---|---|---|
| 1-year return | -11.1% | +0.5% |
| 5-year return | +13.3% | -78.5% |
| Volatility (ann.) | 25.4% | 49.5% |
| Beta vs S&P 500 | -0.11 | 0.53 |
| Max drawdown (3Y) | -36.5% | -58.4% |
| Market cap | $1.5B | $1.5B |
| P/E (trailing) | 44.2 | 39.8 |
| Dividend yield | 3.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMC | OMCL |
|---|---|---|
| 2022 | -3.0% | -72.1% |
| 2023 | +3.1% | -25.4% |
| 2024 | +31.3% | +18.3% |
| 2025 | +11.1% | +1.8% |
| 2026 | -9.6% | -26.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMC and OMCL good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DMC and OMCL?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.19 over the last year and 0.23 over 5 years.
Is OMCL a good diversifier for DMC?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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/dmc-vs-omcl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dmc-vs-omcl/)
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Related comparisons
Hubs: DMC correlations · OMCL correlations
