OPTU vs VANI: Correlation
How closely do Optimum Communications, Inc. (OPTU) and Vivani Medical, Inc. (VANI) 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 OPTU and VANI?
On 3 years of weekly data the OPTU/VANI correlation comes out at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.38 over 3 years. The 5-year figure is 0.33, and annualized covariance runs at 4284.3 %².
Within OPTU's tracked universe of 11 assets, VANI comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VANI ahead by 72.7 points (-57.9% versus +14.8%).
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.
OPTU vs VANI: side by side
| OPTU (Optimum Communications, Inc.) | VANI (Vivani Medical, Inc.) | |
|---|---|---|
| 1-year return | -57.9% | +14.8% |
| 5-year return | -96.3% | -87.4% |
| Volatility (ann.) | 91.7% | 123.8% |
| Beta vs S&P 500 | 0.14 | 1.29 |
| Max drawdown (3Y) | -82.5% | -77.8% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPTU | VANI |
|---|---|---|
| 2022 | -71.6% | -82.6% |
| 2023 | -29.3% | +20.0% |
| 2024 | -25.8% | +13.7% |
| 2025 | -31.5% | +6.0% |
| 2026 | -38.2% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPTU and VANI good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OPTU and VANI?
The OPTU/VANI correlation stands at 0.38 on a 3-year window (1 year: 0.04, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is VANI a good diversifier for OPTU?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/optu-vs-vani.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/optu-vs-vani/)
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Related comparisons
Hubs: OPTU correlations · VANI correlations
