MATH vs ODYS: Correlation
Measured on weekly returns over the past three years, Metalpha Technology Holding Limited (MATH) and Odysight.ai Inc. (ODYS) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MATH and ODYS?
Across a 3-year window, the weekly returns of MATH and ODYS correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.03) than the 3-year average (-0.23). Stretching to 5 years gives -0.15, with an annualized covariance of -1737.1 %².
Out of 14 assets tracked against MATH, ODYS lands near the bottom at #12. The last year tells two different stories: ODYS led by 70.4 percentage points, -70.7% for MATH against -0.3% for ODYS.
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.
MATH vs ODYS: side by side
| MATH (Metalpha Technology Holding Limited) | ODYS (Odysight.ai Inc.) | |
|---|---|---|
| 1-year return | -70.7% | -0.3% |
| 5-year return | -40.4% | -63.1% |
| Volatility (ann.) | 90.1% | 85.6% |
| Beta vs S&P 500 | 0.53 | 0.24 |
| Max drawdown (3Y) | -81.9% | -71.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | 41.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MATH | ODYS |
|---|---|---|
| 2022 | -57.4% | -37.5% |
| 2023 | +323.3% | -39.0% |
| 2024 | -47.2% | +162.3% |
| 2025 | +82.6% | -58.8% |
| 2026 | -60.3% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MATH and ODYS good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MATH and ODYS?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.03 over the last year and -0.15 over 5 years.
Is ODYS a good diversifier for MATH?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/math-vs-odys.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/math-vs-odys/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MATH correlations · ODYS correlations
