LUMN vs OMCL: Correlation
How closely do Lumen Technologies, Inc. (LUMN) and Omnicell, Inc. (OMCL) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUMN and OMCL?
On 3 years of weekly data the LUMN/OMCL correlation comes out at 0.36, moderate. The past 12 months show a weaker link (0.17) than the 3-year average (0.36). The 5-year figure is 0.34, and annualized covariance runs at 1712.4 %².
OMCL is one of the assets that tracks LUMN most closely: it ranks #2 out of the 11 assets we track against LUMN. Their recent paths diverged sharply: over the last 12 months LUMN outperformed by 16.0 percentage points (+16.5% for LUMN against +0.5% for OMCL). Note the risk asymmetry: LUMN runs 1.9 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.
LUMN vs OMCL: side by side
| LUMN (Lumen Technologies, Inc.) | OMCL (Omnicell, Inc.) | |
|---|---|---|
| 1-year return | +16.5% | +0.5% |
| 5-year return | -44.0% | -78.5% |
| Volatility (ann.) | 95.4% | 49.5% |
| Beta vs S&P 500 | 0.90 | 0.53 |
| Max drawdown (3Y) | -69.7% | -58.4% |
| Market cap | $6.3B | $1.5B |
| P/E (trailing) | – | 39.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LUMN | OMCL |
|---|---|---|
| 2022 | -55.5% | -72.1% |
| 2023 | -64.9% | -25.4% |
| 2024 | +190.2% | +18.3% |
| 2025 | +46.3% | +1.8% |
| 2026 | -21.0% | -26.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUMN and OMCL good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LUMN and OMCL?
As of 2026-08-27, the correlation of weekly returns between LUMN and OMCL is 0.36 over 3 years, 0.17 over 1 year and 0.34 over 5 years.
Is OMCL a good diversifier for LUMN?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/lumn-vs-omcl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lumn-vs-omcl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LUMN correlations · OMCL correlations
