ODD vs TNC: Correlation
ODDITY Tech Ltd. - Class A (ODD) and Tennant Company (TNC) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ODD and TNC?
On 3 years of weekly data the ODD/TNC correlation comes out at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.61 versus 0.43 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 1025.8 %².
Within ODD's tracked universe of 12 assets, TNC comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TNC ahead by 60.2 points (-75.2% versus -15.0%). Note the risk asymmetry: ODD runs 2.4 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.
ODD vs TNC: side by side
| ODD (ODDITY Tech Ltd. - Class A) | TNC (Tennant Company) | |
|---|---|---|
| 1-year return | -75.2% | -15.0% |
| 5-year return | n/a | +1.8% |
| Volatility (ann.) | 75.9% | 31.5% |
| Beta vs S&P 500 | 1.78 | 0.90 |
| Max drawdown (3Y) | -87.3% | -49.0% |
| Market cap | $0.7B | $1.2B |
| P/E (trailing) | 18.3 | 67.3 |
| Dividend yield | 0.00% | 1.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ODD | TNC |
|---|---|---|
| 2022 | – | -22.8% |
| 2023 | – | +52.6% |
| 2024 | -9.7% | -11.0% |
| 2025 | -4.4% | -8.2% |
| 2026 | -62.7% | -4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ODD and TNC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ODD and TNC?
As of 2026-08-27, the correlation of weekly returns between ODD and TNC is 0.43 over 3 years, 0.61 over 1 year and n/a over 5 years.
Is TNC a good diversifier for ODD?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined 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-tnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/odd-vs-tnc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ODD correlations · TNC correlations
