OCC vs WDAY: Correlation
Optical Cable Corporation (OCC) and Workday, Inc. (WDAY) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCC and WDAY?
Over the past 3 years, OCC and WDAY 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 (-0.32) than the 3-year average (-0.19). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -789.2 %².
Among the 20 assets we track against OCC, WDAY ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OCC outperformed by 133.3 percentage points (+117.6% for OCC against -15.7% for WDAY). 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 WDAY: side by side
| OCC (Optical Cable Corporation) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | +117.6% | -15.7% |
| 5-year return | +297.7% | -28.7% |
| Volatility (ann.) | 105.3% | 40.0% |
| Beta vs S&P 500 | 1.07 | 1.09 |
| Max drawdown (3Y) | -61.1% | -63.4% |
| Market cap | $0.1B | $47.8B |
| P/E (trailing) | 106.5 | 59.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | OCC | WDAY |
|---|---|---|
| 2022 | -17.7% | -38.7% |
| 2023 | -38.9% | +65.0% |
| 2024 | +33.7% | -6.5% |
| 2025 | +23.3% | -16.8% |
| 2026 | +211.0% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCC and WDAY 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 WDAY?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.32 over the last year and -0.15 over 5 years.
Is WDAY 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?
A reading of -0.19 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-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/occ-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OCC correlations · WDAY correlations
