HCTI vs OPXS: Correlation
Measured on weekly returns over the past three years, Healthcare Triangle, Inc. (HCTI) and Optex Systems Holdings, Inc. (OPXS) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCTI and OPXS?
Over the past 3 years, HCTI and OPXS moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.26) than the 3-year average (-0.22). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -3208.8 %².
Among the 15 assets we track against HCTI, OPXS ranks #10 by 3-year correlation. The last year tells two different stories: OPXS led by 95.2 percentage points, -99.5% for HCTI against -4.3% for OPXS. One caveat on sizing: HCTI is 4.2 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.
HCTI vs OPXS: side by side
| HCTI (Healthcare Triangle, Inc.) | OPXS (Optex Systems Holdings, Inc.) | |
|---|---|---|
| 1-year return | -99.5% | -4.3% |
| 5-year return | -100.0% | +540.0% |
| Volatility (ann.) | 249.0% | 59.8% |
| Beta vs S&P 500 | 0.19 | 0.67 |
| Max drawdown (3Y) | -100.0% | -45.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 19.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCTI | OPXS |
|---|---|---|
| 2022 | -90.1% | +57.8% |
| 2023 | +52.5% | +122.2% |
| 2024 | -64.1% | +4.7% |
| 2025 | -99.7% | +106.7% |
| 2026 | -97.8% | -27.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCTI and OPXS good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between HCTI and OPXS?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.26 over the last year and -0.19 over 5 years.
Is OPXS a good diversifier for HCTI?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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/hcti-vs-opxs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hcti-vs-opxs/)
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Related comparisons
Hubs: HCTI correlations · OPXS correlations
