ODYS vs PACB: Correlation
Odysight.ai Inc. (ODYS) and Pacific Biosciences of California, Inc. (PACB) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ODYS and PACB?
Over the past 3 years, ODYS and PACB moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.22 over 3. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -1769.3 %².
Within ODYS's tracked universe of 17 assets, PACB comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PACB outperformed by 16.8 percentage points (-0.3% for ODYS against +16.5% for PACB).
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.
ODYS vs PACB: side by side
| ODYS (Odysight.ai Inc.) | PACB (Pacific Biosciences of California, Inc.) | |
|---|---|---|
| 1-year return | -0.3% | +16.5% |
| 5-year return | -63.1% | -94.9% |
| Volatility (ann.) | 85.6% | 93.3% |
| Beta vs S&P 500 | 0.24 | 1.21 |
| Max drawdown (3Y) | -71.9% | -92.2% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ODYS | PACB |
|---|---|---|
| 2022 | -37.5% | -60.0% |
| 2023 | -39.0% | +19.9% |
| 2024 | +162.3% | -81.3% |
| 2025 | -58.8% | +2.2% |
| 2026 | +15.2% | -17.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ODYS and PACB good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ODYS and PACB?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.19 over the last year and -0.12 over 5 years.
Is PACB a good diversifier for ODYS?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/odys-vs-pacb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/odys-vs-pacb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ODYS correlations · PACB correlations
