ORMP vs TBN: Correlation
How closely do Oramed Pharmaceuticals Inc. (ORMP) and Tamboran Resources Corporation (TBN) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORMP and TBN?
Over the past 3 years, ORMP and TBN moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -474.9 %².
TBN is close to the least connected end of ORMP's tracked universe, ranking #10 of 11. Their recent paths diverged sharply: over the last 12 months ORMP outperformed by 60.8 percentage points (+147.5% for ORMP against +86.7% for TBN).
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.
ORMP vs TBN: side by side
| ORMP (Oramed Pharmaceuticals Inc.) | TBN (Tamboran Resources Corporation) | |
|---|---|---|
| 1-year return | +147.5% | +86.7% |
| 5-year return | -71.1% | n/a |
| Volatility (ann.) | 47.3% | 52.6% |
| Beta vs S&P 500 | 0.65 | -0.08 |
| Max drawdown (3Y) | -50.3% | -38.6% |
| Market cap | $0.2B | $1.3B |
| P/E (trailing) | 1.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORMP | TBN |
|---|---|---|
| 2022 | -15.8% | – |
| 2023 | -80.8% | – |
| 2024 | +4.8% | – |
| 2025 | +17.8% | +29.7% |
| 2026 | +92.0% | +38.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORMP and TBN good diversifiers for each other?
Yes. With a correlation of -0.20, ORMP and TBN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ORMP and TBN?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.18 over the last year and n/a over 5 years.
Is TBN a good diversifier for ORMP?
Yes. With a correlation of -0.20, ORMP and TBN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ORMP correlations · TBN correlations
