OMEX vs RLMD: Correlation
How closely do Odyssey Marine Exploration, Inc. (OMEX) and Relmada Therapeutics, Inc. (RLMD) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMEX and RLMD?
Across a 3-year window, the weekly returns of OMEX and RLMD correlate at 0.43, moderate. The past 12 months show a weaker link (-0.17) than the 3-year average (0.43). Stretching to 5 years gives 0.34, with an annualized covariance of 8706.1 %².
RLMD is one of the assets that tracks OMEX most closely: it ranks #3 out of the 14 assets we track against OMEX. Correlation aside, the last 12 months split them widely, with RLMD ahead by 627.6 points (-53.0% versus +574.6%).
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.
OMEX vs RLMD: side by side
| OMEX (Odyssey Marine Exploration, Inc.) | RLMD (Relmada Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | +574.6% |
| 5-year return | -83.6% | -81.0% |
| Volatility (ann.) | 152.5% | 134.2% |
| Beta vs S&P 500 | 2.12 | 1.62 |
| Max drawdown (3Y) | -94.6% | -96.3% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OMEX | RLMD |
|---|---|---|
| 2022 | -25.4% | -84.5% |
| 2023 | +19.8% | +18.6% |
| 2024 | -84.5% | -87.4% |
| 2025 | +172.2% | +828.8% |
| 2026 | -54.0% | -6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMEX and RLMD good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OMEX and RLMD?
As of 2026-08-27, the correlation of weekly returns between OMEX and RLMD is 0.43 over 3 years, -0.17 over 1 year and 0.34 over 5 years.
Is RLMD a good diversifier for OMEX?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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/omex-vs-rlmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/omex-vs-rlmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OMEX correlations · RLMD correlations
