ORGO vs VELO: Correlation
Organogenesis Holdings Inc. - Class A (ORGO) and Velo3D, Inc. (VELO) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORGO and VELO?
On 3 years of weekly data the ORGO/VELO correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. The 5-year figure is -0.17, and annualized covariance runs at -5787.3 %².
Out of 15 assets tracked against ORGO, VELO lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months VELO outperformed by 245.9 percentage points (-64.0% for ORGO against +181.9% for VELO). One caveat on sizing: VELO is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VELO: side by side
| ORGO (Organogenesis Holdings Inc. - Class A) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | -64.0% | +181.9% |
| 5-year return | -89.3% | -99.8% |
| Volatility (ann.) | 90.0% | 249.0% |
| Beta vs S&P 500 | 1.25 | -2.66 |
| Max drawdown (3Y) | -74.5% | -99.8% |
| Market cap | $0.2B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORGO | VELO |
|---|---|---|
| 2022 | -70.9% | -77.1% |
| 2023 | +52.0% | -77.8% |
| 2024 | -21.8% | -95.2% |
| 2025 | +61.9% | +35.7% |
| 2026 | -66.4% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORGO and VELO good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between ORGO and VELO?
The ORGO/VELO correlation stands at -0.26 on a 3-year window (1 year: -0.22, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is VELO a good diversifier for ORGO?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/orgo-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ORGO correlations · VELO correlations
