OPXS vs PWCM: Correlation
How closely do Optex Systems Holdings, Inc. (OPXS) and PowerCompute, Inc. (PWCM) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPXS and PWCM?
Over the past 3 years, OPXS and PWCM moved with a correlation of 0.36, which is moderate. The past 12 months show a weaker link (0.02) than the 3-year average (0.36). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 2466.2 %².
By 3-year correlation, PWCM places #4 of the 11 assets tracked against OPXS. Correlation aside, the last 12 months split them widely, with OPXS ahead by 91.8 points (-4.3% versus -96.1%). Note the risk asymmetry: PWCM runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
OPXS vs PWCM: side by side
| OPXS (Optex Systems Holdings, Inc.) | PWCM (PowerCompute, Inc.) | |
|---|---|---|
| 1-year return | -4.3% | -96.1% |
| 5-year return | +540.0% | -99.8% |
| Volatility (ann.) | 59.8% | 115.8% |
| Beta vs S&P 500 | 0.67 | 2.15 |
| Max drawdown (3Y) | -45.7% | -99.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 19.0 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPXS | PWCM |
|---|---|---|
| 2022 | +57.8% | -88.6% |
| 2023 | +122.2% | +11.8% |
| 2024 | +4.7% | -41.9% |
| 2025 | +106.7% | -79.3% |
| 2026 | -27.8% | -88.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPXS and PWCM good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OPXS and PWCM?
The OPXS/PWCM correlation stands at 0.36 on a 3-year window (1 year: 0.02, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is PWCM a good diversifier for OPXS?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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.
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Related comparisons
Hubs: OPXS correlations · PWCM correlations
