LEDS vs OSRH: Correlation
Measured on weekly returns over the past three years, SemiLEDS Corporation (LEDS) and OSR Health, Inc. (OSRH) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEDS and OSRH?
On 3 years of weekly data the LEDS/OSRH correlation comes out at 0.28, weak. The link has tightened recently: the 1-year correlation (0.48) runs above the 3-year figure (0.28). The 5-year figure is n/a, and annualized covariance runs at 2535.9 %².
Among the 11 assets we track against LEDS, OSRH ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LEDS ahead by 83.8 points (+1.0% versus -82.8%).
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.
LEDS vs OSRH: side by side
| LEDS (SemiLEDS Corporation) | OSRH (OSR Health, Inc.) | |
|---|---|---|
| 1-year return | +1.0% | -82.8% |
| 5-year return | -78.8% | n/a |
| Volatility (ann.) | 90.7% | 100.8% |
| Beta vs S&P 500 | 1.11 | 0.47 |
| Max drawdown (3Y) | -67.6% | -99.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEDS | OSRH |
|---|---|---|
| 2022 | -65.4% | – |
| 2023 | -13.1% | – |
| 2024 | -7.2% | +9.8% |
| 2025 | +16.3% | -95.1% |
| 2026 | +32.0% | -70.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEDS and OSRH good diversifiers for each other?
Reasonably. At 0.28, LEDS and OSRH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LEDS and OSRH?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.48 over the last year and n/a over 5 years.
Is OSRH a good diversifier for LEDS?
Reasonably. At 0.28, LEDS and OSRH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 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/leds-vs-osrh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/leds-vs-osrh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LEDS correlations · OSRH correlations
