IRDM vs ORBS: Correlation
Measured on weekly returns over the past three years, Iridium Communications Inc (IRDM) and Eightco Holdings Inc. (ORBS) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IRDM and ORBS?
On 3 years of weekly data the IRDM/ORBS correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.48 versus -0.34 over 3 years. The 5-year figure is -0.29, and annualized covariance runs at -9643.5 %².
Among the 12 assets we track against IRDM, ORBS sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months IRDM outperformed by 140.3 percentage points (+95.4% for IRDM against -44.9% for ORBS). Risk is not evenly split, since ORBS carries 11.7 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.
IRDM vs ORBS: side by side
| IRDM (Iridium Communications Inc) | ORBS (Eightco Holdings Inc.) | |
|---|---|---|
| 1-year return | +95.4% | -44.9% |
| 5-year return | +8.5% | -100.0% |
| Volatility (ann.) | 49.3% | 575.8% |
| Beta vs S&P 500 | 0.85 | 3.91 |
| Max drawdown (3Y) | -67.5% | -98.7% |
| Market cap | $5.0B | $0.3B |
| P/E (trailing) | 54.1 | – |
| Dividend yield | 1.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IRDM | ORBS |
|---|---|---|
| 2022 | +24.5% | – |
| 2023 | -19.1% | -94.6% |
| 2024 | -28.1% | -14.8% |
| 2025 | -38.5% | -21.0% |
| 2026 | +176.6% | -52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IRDM and ORBS good diversifiers for each other?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
FAQ
What is the correlation between IRDM and ORBS?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.48 over the last year and -0.29 over 5 years.
Is ORBS a good diversifier for IRDM?
By historical standards, yes. A correlation of -0.34 means the two rarely move for the same reasons.
What does a correlation of -0.34 mean?
A reading of -0.34 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/irdm-vs-orbs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/irdm-vs-orbs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IRDM correlations · ORBS correlations
