OCC vs TRAW: Correlation
Measured on weekly returns over the past three years, Optical Cable Corporation (OCC) and Traws Pharma, Inc. (TRAW) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCC and TRAW?
Across a 3-year window, the weekly returns of OCC and TRAW correlate at 0.42, moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.42). Stretching to 5 years gives 0.35, with an annualized covariance of 6083.4 %².
By 3-year correlation, TRAW places #5 of the 20 assets tracked against OCC. Their recent paths diverged sharply: over the last 12 months OCC outperformed by 176.4 percentage points (+117.6% for OCC against -58.8% for TRAW).
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.
OCC vs TRAW: side by side
| OCC (Optical Cable Corporation) | TRAW (Traws Pharma, Inc.) | |
|---|---|---|
| 1-year return | +117.6% | -58.8% |
| 5-year return | +297.7% | -99.5% |
| Volatility (ann.) | 105.3% | 138.3% |
| Beta vs S&P 500 | 1.07 | 0.67 |
| Max drawdown (3Y) | -61.1% | -98.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 106.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OCC | TRAW |
|---|---|---|
| 2022 | -17.7% | -74.5% |
| 2023 | -38.9% | +15.4% |
| 2024 | +33.7% | -52.6% |
| 2025 | +23.3% | -87.3% |
| 2026 | +211.0% | -48.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCC and TRAW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OCC and TRAW?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.16 over the last year and 0.35 over 5 years.
Is TRAW a good diversifier for OCC?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/occ-vs-traw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/occ-vs-traw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OCC correlations · TRAW correlations
