OMCL vs RRC: Correlation
Measured on weekly returns over the past three years, Omnicell, Inc. (OMCL) and Range Resources Corporation (RRC) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMCL and RRC?
Across a 3-year window, the weekly returns of OMCL and RRC correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Stretching to 5 years gives -0.05, with an annualized covariance of -373.3 %².
RRC is close to the least connected end of OMCL's tracked universe, ranking #12 of 12. Correlation aside, the last 12 months split them widely, with RRC ahead by 23.8 points (+0.5% versus +24.3%). One caveat on sizing: OMCL is 1.5 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.
OMCL vs RRC: side by side
| OMCL (Omnicell, Inc.) | RRC (Range Resources Corporation) | |
|---|---|---|
| 1-year return | +0.5% | +24.3% |
| 5-year return | -78.5% | +195.2% |
| Volatility (ann.) | 49.5% | 33.0% |
| Beta vs S&P 500 | 0.53 | 0.34 |
| Max drawdown (3Y) | -58.4% | -28.0% |
| Market cap | $1.5B | $9.7B |
| P/E (trailing) | 39.8 | 11.5 |
| Dividend yield | 0.00% | 0.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OMCL | RRC |
|---|---|---|
| 2022 | -72.1% | +41.1% |
| 2023 | -25.4% | +23.1% |
| 2024 | +18.3% | +19.3% |
| 2025 | +1.8% | -1.0% |
| 2026 | -26.2% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMCL and RRC good diversifiers for each other?
Yes. With a correlation of -0.23, OMCL and RRC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OMCL and RRC?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.24 over the last year and -0.05 over 5 years.
Is RRC a good diversifier for OMCL?
Yes. With a correlation of -0.23, OMCL and RRC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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
$ curl https://www.pairbook.io/api/v1/pairs/omcl-vs-rrc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/omcl-vs-rrc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OMCL correlations · RRC correlations
