OESX vs UTI: Correlation
How closely do Orion Energy Systems, Inc. (OESX) and Universal Technical Institute Inc (UTI) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OESX and UTI?
Across a 3-year window, the weekly returns of OESX and UTI correlate at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Stretching to 5 years gives -0.16, with an annualized covariance of -1169.2 %².
UTI is close to the least connected end of OESX's tracked universe, ranking #12 of 14. The last year tells two different stories: OESX led by 304.5 percentage points, +284.3% for OESX against -20.2% for UTI.
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.
OESX vs UTI: side by side
| OESX (Orion Energy Systems, Inc.) | UTI (Universal Technical Institute Inc) | |
|---|---|---|
| 1-year return | +284.3% | -20.2% |
| 5-year return | -39.9% | +211.1% |
| Volatility (ann.) | 81.4% | 54.6% |
| Beta vs S&P 500 | 1.22 | 0.64 |
| Max drawdown (3Y) | -63.4% | -57.8% |
| Market cap | $0.1B | $1.2B |
| P/E (trailing) | – | 36.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OESX | UTI |
|---|---|---|
| 2022 | -49.7% | -14.1% |
| 2023 | -52.2% | +86.3% |
| 2024 | -8.0% | +105.4% |
| 2025 | +92.3% | +1.6% |
| 2026 | +73.1% | -17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OESX and UTI good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between OESX and UTI?
As of 2026-08-27, the correlation of weekly returns between OESX and UTI is -0.26 over 3 years, -0.31 over 1 year and -0.16 over 5 years.
Is UTI a good diversifier for OESX?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/oesx-vs-uti.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/oesx-vs-uti/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OESX correlations · UTI correlations
