OMCL vs RVTY: Correlation
How closely do Omnicell, Inc. (OMCL) and Revvity (RVTY) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMCL and RVTY?
On 3 years of weekly data the OMCL/RVTY correlation comes out at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.38). The 5-year figure is 0.36, and annualized covariance runs at 636.9 %².
In OMCL's tracked universe of 12 assets, RVTY sits right near the top at #3. Correlation aside, the last 12 months split them widely, with RVTY ahead by 46.3 points (+0.5% versus +46.8%).
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 RVTY: side by side
| OMCL (Omnicell, Inc.) | RVTY (Revvity) | |
|---|---|---|
| 1-year return | +0.5% | +46.8% |
| 5-year return | -78.5% | -30.2% |
| Volatility (ann.) | 49.5% | 34.2% |
| Beta vs S&P 500 | 0.53 | 0.81 |
| Max drawdown (3Y) | -58.4% | -35.3% |
| Market cap | $1.5B | $14.5B |
| P/E (trailing) | 39.8 | 62.4 |
| Dividend yield | 0.00% | 0.22% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | OMCL | RVTY |
|---|---|---|
| 2022 | -72.1% | -30.1% |
| 2023 | -25.4% | -21.9% |
| 2024 | +18.3% | +2.4% |
| 2025 | +1.8% | -13.1% |
| 2026 | -26.2% | +34.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMCL and RVTY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OMCL and RVTY?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.23 over the last year and 0.36 over 5 years.
Is RVTY a good diversifier for OMCL?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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-rvty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/omcl-vs-rvty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OMCL correlations · RVTY correlations
