HCTI vs OTIS: Correlation
Healthcare Triangle, Inc. (HCTI) and Otis Worldwide (OTIS) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCTI and OTIS?
Over the past 3 years, HCTI and OTIS moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.02) than the 3-year average (-0.23). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1111.7 %².
Out of 15 assets tracked against HCTI, OTIS lands near the bottom at #11. The last year tells two different stories: OTIS led by 82.7 percentage points, -99.5% for HCTI against -16.8% for OTIS. Risk is not evenly split, since HCTI carries 13.0 times the volatility of the other side.
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 OTIS: side by side
| HCTI (Healthcare Triangle, Inc.) | OTIS (Otis Worldwide) | |
|---|---|---|
| 1-year return | -99.5% | -16.8% |
| 5-year return | -100.0% | -15.9% |
| Volatility (ann.) | 249.0% | 19.1% |
| Beta vs S&P 500 | 0.19 | 0.59 |
| Max drawdown (3Y) | -100.0% | -32.4% |
| Market cap | – | $27.2B |
| P/E (trailing) | – | 18.4 |
| Dividend yield | 0.00% | 2.35% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | HCTI | OTIS |
|---|---|---|
| 2022 | -90.1% | -8.8% |
| 2023 | +52.5% | +16.0% |
| 2024 | -64.1% | +5.2% |
| 2025 | -99.7% | -4.0% |
| 2026 | -97.8% | -16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCTI and OTIS good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between HCTI and OTIS?
The HCTI/OTIS correlation stands at -0.23 on a 3-year window (1 year: -0.02, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is OTIS a good diversifier for HCTI?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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-otis.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hcti-vs-otis/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HCTI correlations · OTIS correlations
