OMER vs RANI: Correlation
Omeros Corporation (OMER) and Rani Therapeutics Holdings, Inc. (RANI) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMER and RANI?
Across a 3-year window, the weekly returns of OMER and RANI correlate at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.46 over 3 years. Stretching to 5 years gives 0.33, with an annualized covariance of 9487.8 %².
In OMER's tracked universe of 13 assets, RANI sits right near the top at #2. Correlation aside, the last 12 months split them widely, with OMER ahead by 301.2 points (+352.9% versus +51.7%).
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.
OMER vs RANI: side by side
| OMER (Omeros Corporation) | RANI (Rani Therapeutics Holdings, Inc.) | |
|---|---|---|
| 1-year return | +352.9% | +51.7% |
| 5-year return | +22.7% | -95.2% |
| Volatility (ann.) | 119.0% | 174.6% |
| Beta vs S&P 500 | 1.80 | 1.62 |
| Max drawdown (3Y) | -75.6% | -94.8% |
| Market cap | $1.4B | $0.1B |
| P/E (trailing) | 11.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OMER | RANI |
|---|---|---|
| 2022 | -64.9% | -63.9% |
| 2023 | +44.7% | -43.7% |
| 2024 | +202.1% | -58.7% |
| 2025 | +73.9% | -1.5% |
| 2026 | +12.0% | -36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMER and RANI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OMER and RANI?
The OMER/RANI correlation stands at 0.46 on a 3-year window (1 year: 0.67, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is RANI a good diversifier for OMER?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/omer-vs-rani.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/omer-vs-rani/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OMER correlations · RANI correlations
