ODYS vs SGML: Correlation
How closely do Odysight.ai Inc. (ODYS) and Sigma Lithium Corporation (SGML) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ODYS and SGML?
Across a 3-year window, the weekly returns of ODYS and SGML correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.21 over 3 years. Stretching to 5 years gives -0.13, with an annualized covariance of -1718.8 %².
Among the 17 assets we track against ODYS, SGML ranks #10 by 3-year correlation. The last year tells two different stories: SGML led by 88.2 percentage points, -0.3% for ODYS against +87.9% for SGML.
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 SGML: side by side
| ODYS (Odysight.ai Inc.) | SGML (Sigma Lithium Corporation) | |
|---|---|---|
| 1-year return | -0.3% | +87.9% |
| 5-year return | -63.1% | +69.8% |
| Volatility (ann.) | 85.6% | 97.8% |
| Beta vs S&P 500 | 0.24 | 1.89 |
| Max drawdown (3Y) | -71.9% | -88.9% |
| Market cap | $0.1B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ODYS | SGML |
|---|---|---|
| 2022 | -37.5% | +171.1% |
| 2023 | -39.0% | +11.7% |
| 2024 | +162.3% | -64.4% |
| 2025 | -58.8% | +17.6% |
| 2026 | +15.2% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ODYS and SGML good diversifiers for each other?
Yes. With a correlation of -0.21, ODYS and SGML have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ODYS and SGML?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.38 over the last year and -0.13 over 5 years.
Is SGML a good diversifier for ODYS?
Yes. With a correlation of -0.21, ODYS and SGML have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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.
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Related comparisons
Hubs: ODYS correlations · SGML correlations
