ORGO vs TH: Correlation
How closely do Organogenesis Holdings Inc. - Class A (ORGO) and Target Hospitality Corp. (TH) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORGO and TH?
On 3 years of weekly data the ORGO/TH correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.22 over 3. The 5-year figure is -0.11, and annualized covariance runs at -1270.2 %².
Within ORGO's tracked universe of 15 assets, TH comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TH outperformed by 177.5 percentage points (-64.0% for ORGO against +113.5% for TH).
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.
ORGO vs TH: side by side
| ORGO (Organogenesis Holdings Inc. - Class A) | TH (Target Hospitality Corp.) | |
|---|---|---|
| 1-year return | -64.0% | +113.5% |
| 5-year return | -89.3% | +383.7% |
| Volatility (ann.) | 90.0% | 63.3% |
| Beta vs S&P 500 | 1.25 | 0.47 |
| Max drawdown (3Y) | -74.5% | -69.1% |
| Market cap | $0.2B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORGO | TH |
|---|---|---|
| 2022 | -70.9% | +325.3% |
| 2023 | +52.0% | -35.7% |
| 2024 | -21.8% | -0.7% |
| 2025 | +61.9% | -17.1% |
| 2026 | -66.4% | +136.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORGO and TH good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ORGO and TH?
As of 2026-08-27, the correlation of weekly returns between ORGO and TH is -0.22 over 3 years, -0.32 over 1 year and -0.11 over 5 years.
Is TH a good diversifier for ORGO?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/orgo-vs-th.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/orgo-vs-th/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ORGO correlations · TH correlations
