ODD vs PAR: Correlation
Measured on weekly returns over the past three years, ODDITY Tech Ltd. - Class A (ODD) and PAR Technology Corporation (PAR) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ODD and PAR?
Across a 3-year window, the weekly returns of ODD and PAR correlate at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.53) runs above the 3-year figure (0.43). Stretching to 5 years gives n/a, with an annualized covariance of 1830.9 %².
By 3-year correlation, PAR places #4 of the 12 assets tracked against ODD. Over the last 12 months PAR came out ahead by 12.0 percentage points (-75.2% against -63.2%).
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.
ODD vs PAR: side by side
| ODD (ODDITY Tech Ltd. - Class A) | PAR (PAR Technology Corporation) | |
|---|---|---|
| 1-year return | -75.2% | -63.2% |
| 5-year return | n/a | -71.7% |
| Volatility (ann.) | 75.9% | 56.2% |
| Beta vs S&P 500 | 1.78 | 1.72 |
| Max drawdown (3Y) | -87.3% | -85.4% |
| Market cap | $0.7B | $0.8B |
| P/E (trailing) | 18.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ODD | PAR |
|---|---|---|
| 2022 | – | -50.6% |
| 2023 | – | +67.0% |
| 2024 | -9.7% | +66.9% |
| 2025 | -4.4% | -50.1% |
| 2026 | -62.7% | -47.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ODD and PAR good diversifiers for each other?
Reasonably. At 0.43, ODD and PAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ODD and PAR?
The ODD/PAR correlation stands at 0.43 on a 3-year window (1 year: 0.53, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PAR a good diversifier for ODD?
Reasonably. At 0.43, ODD and PAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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/odd-vs-par.json
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[](https://www.pairbook.io/pair/odd-vs-par/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ODD correlations · PAR correlations
