FERG vs ORBS: Correlation
Measured on weekly returns over the past three years, Ferguson Enterprises (FERG) and Eightco Holdings Inc. (ORBS) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FERG and ORBS?
On 3 years of weekly data the FERG/ORBS correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.20). The 5-year figure is -0.14, and annualized covariance runs at -3392.3 %².
Among the 35 assets we track against FERG, ORBS sits near the bottom by co-movement, at rank #31. Their recent paths diverged sharply: over the last 12 months FERG outperformed by 46.0 percentage points (+1.1% for FERG against -44.9% for ORBS). Note the risk asymmetry: ORBS runs 19.2 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.
FERG vs ORBS: side by side
| FERG (Ferguson Enterprises) | ORBS (Eightco Holdings Inc.) | |
|---|---|---|
| 1-year return | +1.1% | -44.9% |
| 5-year return | +82.2% | -100.0% |
| Volatility (ann.) | 30.0% | 575.8% |
| Beta vs S&P 500 | 0.99 | 3.91 |
| Max drawdown (3Y) | -32.9% | -98.7% |
| Market cap | $45.1B | $0.3B |
| P/E (trailing) | 23.0 | – |
| Dividend yield | 1.80% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FERG | ORBS |
|---|---|---|
| 2022 | -27.2% | – |
| 2023 | +55.1% | -94.6% |
| 2024 | -8.6% | -14.8% |
| 2025 | +29.9% | -21.0% |
| 2026 | +6.4% | -52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FERG and ORBS good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between FERG and ORBS?
As of 2026-08-27, the correlation of weekly returns between FERG and ORBS is -0.20 over 3 years, -0.36 over 1 year and -0.14 over 5 years.
Is ORBS a good diversifier for FERG?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/ferg-vs-orbs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ferg-vs-orbs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FERG correlations · ORBS correlations
