OGN vs PARA: Correlation
How closely do Organon & Co. (OGN) and Banzai International, Inc. (PARA) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OGN and PARA?
Over the past 3 years, OGN and PARA moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -1442.7 %².
Out of 12 assets tracked against OGN, PARA lands near the bottom at #11. The last year tells two different stories: OGN led by 149.0 percentage points, +50.8% for OGN against -98.2% for PARA. Note the risk asymmetry: PARA runs 2.1 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.
OGN vs PARA: side by side
| OGN (Organon & Co.) | PARA (Banzai International, Inc.) | |
|---|---|---|
| 1-year return | +50.8% | -98.2% |
| 5-year return | -50.3% | -100.0% |
| Volatility (ann.) | 53.4% | 114.5% |
| Beta vs S&P 500 | 0.88 | -0.02 |
| Max drawdown (3Y) | -74.1% | -100.0% |
| Market cap | $3.6B | – |
| P/E (trailing) | 17.6 | 0.1 |
| Dividend yield | 0.58% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OGN | PARA |
|---|---|---|
| 2022 | -4.9% | +3.7% |
| 2023 | -45.1% | -81.4% |
| 2024 | +9.9% | -98.4% |
| 2025 | -50.7% | -93.7% |
| 2026 | +93.0% | -93.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OGN and PARA good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between OGN and PARA?
As of 2026-08-27, the correlation of weekly returns between OGN and PARA is -0.24 over 3 years, -0.32 over 1 year and -0.21 over 5 years.
Is PARA a good diversifier for OGN?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: OGN correlations · PARA correlations
