OCC vs TYL: Correlation
Measured on weekly returns over the past three years, Optical Cable Corporation (OCC) and Tyler Technologies (TYL) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCC and TYL?
Over the past 3 years, OCC and TYL moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.19). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -577.8 %².
Within OCC's tracked universe of 20 assets, TYL comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OCC ahead by 151.6 points (+117.6% versus -34.0%). Note the risk asymmetry: OCC runs 3.6 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.
OCC vs TYL: side by side
| OCC (Optical Cable Corporation) | TYL (Tyler Technologies) | |
|---|---|---|
| 1-year return | +117.6% | -34.0% |
| 5-year return | +297.7% | -22.5% |
| Volatility (ann.) | 105.3% | 29.6% |
| Beta vs S&P 500 | 1.07 | 0.61 |
| Max drawdown (3Y) | -61.1% | -57.4% |
| Market cap | $0.1B | $15.1B |
| P/E (trailing) | 106.5 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | OCC | TYL |
|---|---|---|
| 2022 | -17.7% | -40.1% |
| 2023 | -38.9% | +29.7% |
| 2024 | +33.7% | +37.9% |
| 2025 | +23.3% | -21.3% |
| 2026 | +211.0% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCC and TYL good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between OCC and TYL?
The OCC/TYL correlation stands at -0.19 on a 3-year window (1 year: -0.36, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is TYL a good diversifier for OCC?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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/occ-vs-tyl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/occ-vs-tyl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OCC correlations · TYL correlations
