EGAN vs OHI: Correlation
Measured on weekly returns over the past three years, eGain Corporation (EGAN) and Omega Healthcare Investors, Inc. (OHI) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGAN and OHI?
Over the past 3 years, EGAN and OHI moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.24 over 3. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -215.0 %².
Among the 10 assets we track against EGAN, OHI sits near the bottom by co-movement, at rank #10. Neither side won the trailing year by much: +18.7% against +15.2%. One caveat on sizing: EGAN is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EGAN vs OHI: side by side
| EGAN (eGain Corporation) | OHI (Omega Healthcare Investors, Inc.) | |
|---|---|---|
| 1-year return | +18.7% | +15.2% |
| 5-year return | -36.1% | +107.9% |
| Volatility (ann.) | 49.6% | 17.7% |
| Beta vs S&P 500 | 0.86 | 0.09 |
| Max drawdown (3Y) | -60.5% | -15.5% |
| Market cap | $0.2B | $14.8B |
| P/E (trailing) | 5.3 | 16.5 |
| Dividend yield | 0.00% | 5.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGAN | OHI |
|---|---|---|
| 2022 | -9.5% | +3.5% |
| 2023 | -7.8% | +19.9% |
| 2024 | -25.2% | +33.6% |
| 2025 | +65.2% | +25.5% |
| 2026 | -27.3% | +9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGAN and OHI good diversifiers for each other?
Yes. With a correlation of -0.24, EGAN and OHI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EGAN and OHI?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.29 over the last year and -0.16 over 5 years.
Is OHI a good diversifier for EGAN?
Yes. With a correlation of -0.24, EGAN and OHI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/egan-vs-ohi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/egan-vs-ohi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EGAN correlations · OHI correlations
