ORGO vs WABC: Correlation
Measured on weekly returns over the past three years, Organogenesis Holdings Inc. - Class A (ORGO) and Westamerica Bancorporation (WABC) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORGO and WABC?
Over the past 3 years, ORGO and WABC moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 938.8 %².
WABC is one of the assets that tracks ORGO most closely: it ranks #1 out of the 15 assets we track against ORGO. Their recent paths diverged sharply: over the last 12 months WABC outperformed by 83.8 percentage points (-64.0% for ORGO against +19.8% for WABC). Risk is not evenly split, since ORGO carries 3.7 times the volatility of the other side.
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 WABC: side by side
| ORGO (Organogenesis Holdings Inc. - Class A) | WABC (Westamerica Bancorporation) | |
|---|---|---|
| 1-year return | -64.0% | +19.8% |
| 5-year return | -89.3% | +22.6% |
| Volatility (ann.) | 90.0% | 24.4% |
| Beta vs S&P 500 | 1.25 | 0.61 |
| Max drawdown (3Y) | -74.5% | -24.7% |
| Market cap | $0.2B | $1.3B |
| P/E (trailing) | – | 12.9 |
| Dividend yield | 0.00% | 3.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORGO | WABC |
|---|---|---|
| 2022 | -70.9% | +5.2% |
| 2023 | +52.0% | -0.8% |
| 2024 | -21.8% | -3.6% |
| 2025 | +61.9% | -5.4% |
| 2026 | -66.4% | +24.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORGO and WABC good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ORGO and WABC?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.33 over the last year and 0.35 over 5 years.
Is WABC a good diversifier for ORGO?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/orgo-vs-wabc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/orgo-vs-wabc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ORGO correlations · WABC correlations
