OKYO vs OXM: Correlation
Measured on weekly returns over the past three years, OKYO Pharma Limited (OKYO) and Oxford Industries, Inc. (OXM) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OKYO and OXM?
On 3 years of weekly data the OKYO/OXM correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.21). The 5-year figure is -0.13, and annualized covariance runs at -754.7 %².
OXM is close to the least connected end of OKYO's tracked universe, ranking #10 of 12. The last year tells two different stories: OXM led by 22.2 percentage points, -31.4% for OKYO against -9.2% for OXM. One caveat on sizing: OKYO is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
OKYO vs OXM: side by side
| OKYO (OKYO Pharma Limited) | OXM (Oxford Industries, Inc.) | |
|---|---|---|
| 1-year return | -31.4% | -9.2% |
| 5-year return | -57.2% | -50.3% |
| Volatility (ann.) | 76.6% | 47.0% |
| Beta vs S&P 500 | 0.56 | 1.00 |
| Max drawdown (3Y) | -69.1% | -69.4% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 7.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OKYO | OXM |
|---|---|---|
| 2022 | – | -6.1% |
| 2023 | -7.3% | +10.0% |
| 2024 | -35.0% | -18.9% |
| 2025 | +80.0% | -54.0% |
| 2026 | -25.1% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OKYO and OXM good diversifiers for each other?
Yes. With a correlation of -0.21, OKYO and OXM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OKYO and OXM?
The OKYO/OXM correlation stands at -0.21 on a 3-year window (1 year: -0.07, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is OXM a good diversifier for OKYO?
Yes. With a correlation of -0.21, OKYO and OXM 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/okyo-vs-oxm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/okyo-vs-oxm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OKYO correlations · OXM correlations
