INDP vs OCS: Correlation
Measured on weekly returns over the past three years, Indaptus Therapeutics, Inc. (INDP) and Oculis Holding AG (OCS) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDP and OCS?
On 3 years of weekly data the INDP/OCS correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.47) than the 3-year average (-0.30). The 5-year figure is -0.21, and annualized covariance runs at -2116.1 %².
Among the 13 assets we track against INDP, OCS sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with OCS ahead by 53.6 points (-81.9% versus -28.3%). Note the risk asymmetry: INDP runs 2.1 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.
INDP vs OCS: side by side
| INDP (Indaptus Therapeutics, Inc.) | OCS (Oculis Holding AG) | |
|---|---|---|
| 1-year return | -81.9% | -28.3% |
| 5-year return | -99.6% | +28.5% |
| Volatility (ann.) | 123.5% | 57.7% |
| Beta vs S&P 500 | 1.78 | 0.76 |
| Max drawdown (3Y) | -99.2% | -67.2% |
| Market cap | $0.2B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INDP | OCS |
|---|---|---|
| 2022 | -74.6% | +4.2% |
| 2023 | +21.4% | +11.2% |
| 2024 | -52.2% | +51.4% |
| 2025 | -87.7% | +17.5% |
| 2026 | -60.1% | -37.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDP and OCS good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between INDP and OCS?
As of 2026-08-27, the correlation of weekly returns between INDP and OCS is -0.30 over 3 years, -0.47 over 1 year and -0.21 over 5 years.
Is OCS a good diversifier for INDP?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/indp-vs-ocs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/indp-vs-ocs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INDP correlations · OCS correlations
