OCC vs VEEV: Correlation
Measured on weekly returns over the past three years, Optical Cable Corporation (OCC) and Veeva Systems (VEEV) 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 VEEV?
On 3 years of weekly data the OCC/VEEV correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.19 over 3 years. The 5-year figure is -0.12, and annualized covariance runs at -793.9 %².
Among the 20 assets we track against OCC, VEEV ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OCC outperformed by 121.5 percentage points (+117.6% for OCC against -3.9% for VEEV). Note the risk asymmetry: OCC runs 2.6 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 VEEV: side by side
| OCC (Optical Cable Corporation) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | +117.6% | -3.9% |
| 5-year return | +297.7% | -15.2% |
| Volatility (ann.) | 105.3% | 40.0% |
| Beta vs S&P 500 | 1.07 | 0.99 |
| Max drawdown (3Y) | -61.1% | -50.5% |
| Market cap | $0.1B | $45.8B |
| P/E (trailing) | 106.5 | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | OCC | VEEV |
|---|---|---|
| 2022 | -17.7% | -36.8% |
| 2023 | -38.9% | +19.3% |
| 2024 | +33.7% | +9.2% |
| 2025 | +23.3% | +6.2% |
| 2026 | +211.0% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCC and VEEV good diversifiers for each other?
Yes. With a correlation of -0.19, OCC and VEEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OCC and VEEV?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.33 over the last year and -0.12 over 5 years.
Is VEEV a good diversifier for OCC?
Yes. With a correlation of -0.19, OCC and VEEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/occ-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/occ-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OCC correlations · VEEV correlations
