IPWR vs OSS: Correlation
Ideal Power Inc. (IPWR) and One Stop Systems, Inc. (OSS) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPWR and OSS?
Over the past 3 years, IPWR and OSS moved with a correlation of 0.34, which is moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 2422.0 %².
Among the 13 assets we track against IPWR, OSS ranks #5 by 3-year correlation. The last year tells two different stories: OSS led by 84.2 percentage points, -3.7% for IPWR against +80.5% for OSS.
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.
IPWR vs OSS: side by side
| IPWR (Ideal Power Inc.) | OSS (One Stop Systems, Inc.) | |
|---|---|---|
| 1-year return | -3.7% | +80.5% |
| 5-year return | -68.3% | +103.2% |
| Volatility (ann.) | 86.2% | 82.4% |
| Beta vs S&P 500 | 1.72 | 1.82 |
| Max drawdown (3Y) | -80.0% | -56.0% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPWR | OSS |
|---|---|---|
| 2022 | -11.3% | -39.2% |
| 2023 | -27.4% | -30.2% |
| 2024 | -2.8% | +59.5% |
| 2025 | -59.1% | +114.3% |
| 2026 | +60.5% | +57.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPWR and OSS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IPWR and OSS?
As of 2026-08-27, the correlation of weekly returns between IPWR and OSS is 0.34 over 3 years, 0.42 over 1 year and 0.32 over 5 years.
Is OSS a good diversifier for IPWR?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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.
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Related comparisons
Hubs: IPWR correlations · OSS correlations
