ORBS vs TLPH: Correlation
Measured on weekly returns over the past three years, Eightco Holdings Inc. (ORBS) and Talphera, Inc. (TLPH) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORBS and TLPH?
On 3 years of weekly data the ORBS/TLPH correlation comes out at 0.48, moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.48). The 5-year figure is 0.38, and annualized covariance runs at 24782.8 %².
Within ORBS's tracked universe of 28 assets, TLPH comes in at #10 by 3-year correlation. The last year tells two different stories: TLPH led by 172.7 percentage points, -44.9% for ORBS against +127.8% for TLPH. Note the risk asymmetry: ORBS runs 6.5 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.
ORBS vs TLPH: side by side
| ORBS (Eightco Holdings Inc.) | TLPH (Talphera, Inc.) | |
|---|---|---|
| 1-year return | -44.9% | +127.8% |
| 5-year return | -100.0% | -94.6% |
| Volatility (ann.) | 575.8% | 88.9% |
| Beta vs S&P 500 | 3.91 | 1.27 |
| Max drawdown (3Y) | -98.7% | -73.5% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORBS | TLPH |
|---|---|---|
| 2022 | – | -79.8% |
| 2023 | -94.6% | -67.3% |
| 2024 | -14.8% | -29.7% |
| 2025 | -21.0% | +119.2% |
| 2026 | -52.6% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORBS and TLPH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ORBS and TLPH?
As of 2026-08-27, the correlation of weekly returns between ORBS and TLPH is 0.48 over 3 years, 0.68 over 1 year and 0.38 over 5 years.
Is TLPH a good diversifier for ORBS?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/orbs-vs-tlph.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/orbs-vs-tlph/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ORBS correlations · TLPH correlations
