INDO vs POCI: Correlation
Indonesia Energy Corporation Limited (INDO) and Precision Optics Corporation, Inc. (POCI) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDO and POCI?
On 3 years of weekly data the INDO/POCI correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -1228.8 %².
Within INDO's tracked universe of 102 assets, POCI comes in at #94 by 3-year correlation. Over the last 12 months INDO came out ahead by 9.3 percentage points (-1.4% against -10.7%). One caveat on sizing: INDO is 2.5 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.
INDO vs POCI: side by side
| INDO (Indonesia Energy Corporation Limited) | POCI (Precision Optics Corporation, Inc.) | |
|---|---|---|
| 1-year return | -1.4% | -10.7% |
| 5-year return | -43.5% | -21.9% |
| Volatility (ann.) | 108.1% | 42.5% |
| Beta vs S&P 500 | -0.65 | 0.45 |
| Max drawdown (3Y) | -65.1% | -45.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INDO | POCI |
|---|---|---|
| 2022 | +66.4% | -22.6% |
| 2023 | -41.8% | +8.1% |
| 2024 | +2.6% | -19.9% |
| 2025 | +5.4% | -13.1% |
| 2026 | -3.8% | +5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDO and POCI good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between INDO and POCI?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.25 over the last year and -0.14 over 5 years.
Is POCI a good diversifier for INDO?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/indo-vs-poci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/indo-vs-poci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INDO correlations · POCI correlations
