GEG vs ODYS: Correlation
How closely do Great Elm Group, Inc. (GEG) and Odysight.ai Inc. (ODYS) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEG and ODYS?
Over the past 3 years, GEG and ODYS moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.19) runs above the 3-year figure (-0.32). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -916.3 %².
Out of 16 assets tracked against GEG, ODYS lands near the bottom at #16. Over the last 12 months ODYS came out ahead by 10.1 percentage points (-10.4% against -0.3%). Note the risk asymmetry: ODYS runs 2.6 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.
GEG vs ODYS: side by side
| GEG (Great Elm Group, Inc.) | ODYS (Odysight.ai Inc.) | |
|---|---|---|
| 1-year return | -10.4% | -0.3% |
| 5-year return | -7.3% | -63.1% |
| Volatility (ann.) | 33.0% | 85.6% |
| Beta vs S&P 500 | 0.15 | 0.24 |
| Max drawdown (3Y) | -41.4% | -71.9% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GEG | ODYS |
|---|---|---|
| 2022 | -3.3% | -37.5% |
| 2023 | -4.0% | -39.0% |
| 2024 | -6.7% | +162.3% |
| 2025 | +40.9% | -58.8% |
| 2026 | -15.7% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEG and ODYS good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between GEG and ODYS?
As of 2026-08-27, the correlation of weekly returns between GEG and ODYS is -0.32 over 3 years, -0.19 over 1 year and -0.13 over 5 years.
Is ODYS a good diversifier for GEG?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 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/geg-vs-odys.json
Markdown for the live badge, attribution link included:
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GEG correlations · ODYS correlations
