OLMA vs UONEK: Correlation
Olema Pharmaceuticals, Inc. (OLMA) and Urban One, Inc. (UONEK) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLMA and UONEK?
On 3 years of weekly data the OLMA/UONEK correlation comes out at 0.54, moderate. The link has tightened recently: the 1-year correlation (0.78) runs above the 3-year figure (0.54). The 5-year figure is 0.38, and annualized covariance runs at 5895.1 %².
Few assets follow OLMA as closely as UONEK, which ranks #3 of 16 tracked partners. Their recent paths diverged sharply: over the last 12 months OLMA outperformed by 134.8 percentage points (+88.0% for OLMA against -46.8% for UONEK). One caveat on sizing: OLMA 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.
OLMA vs UONEK: side by side
| OLMA (Olema Pharmaceuticals, Inc.) | UONEK (Urban One, Inc.) | |
|---|---|---|
| 1-year return | +88.0% | -46.8% |
| 5-year return | -64.1% | -93.7% |
| Volatility (ann.) | 133.2% | 82.3% |
| Beta vs S&P 500 | 1.18 | 0.73 |
| Max drawdown (3Y) | -82.1% | -93.1% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OLMA | UONEK |
|---|---|---|
| 2022 | -73.8% | +10.9% |
| 2023 | +472.7% | -6.1% |
| 2024 | -58.4% | -71.7% |
| 2025 | +328.8% | -14.0% |
| 2026 | -56.8% | -49.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLMA and UONEK good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between OLMA and UONEK?
As of 2026-08-27, the correlation of weekly returns between OLMA and UONEK is 0.54 over 3 years, 0.78 over 1 year and 0.38 over 5 years.
Is UONEK a good diversifier for OLMA?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/olma-vs-uonek.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/olma-vs-uonek/)
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Related comparisons
Hubs: OLMA correlations · UONEK correlations
