OSPN vs RAMP: Correlation
Measured on weekly returns over the past three years, OneSpan Inc. (OSPN) and LiveRamp Holdings, Inc. (RAMP) 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 OSPN and RAMP?
Over the past 3 years, OSPN and RAMP moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 841.5 %².
By 3-year correlation, RAMP places #6 of the 19 assets tracked against OSPN. Correlation aside, the last 12 months split them widely, with RAMP ahead by 22.5 points (+15.6% versus +38.1%).
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.
OSPN vs RAMP: side by side
| OSPN (OneSpan Inc.) | RAMP (LiveRamp Holdings, Inc.) | |
|---|---|---|
| 1-year return | +15.6% | +38.1% |
| 5-year return | -8.3% | -22.9% |
| Volatility (ann.) | 43.6% | 40.4% |
| Beta vs S&P 500 | 1.28 | 1.07 |
| Max drawdown (3Y) | -47.9% | -48.2% |
| Market cap | $0.6B | $2.3B |
| P/E (trailing) | 9.3 | 15.7 |
| Dividend yield | 3.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OSPN | RAMP |
|---|---|---|
| 2022 | -33.9% | -51.1% |
| 2023 | -4.2% | +61.6% |
| 2024 | +72.9% | -19.8% |
| 2025 | -28.5% | -3.3% |
| 2026 | +32.2% | +28.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSPN and RAMP good diversifiers for each other?
Reasonably. At 0.48, OSPN and RAMP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OSPN and RAMP?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.46 over the last year and 0.43 over 5 years.
Is RAMP a good diversifier for OSPN?
Reasonably. At 0.48, OSPN and RAMP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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.
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Related comparisons
Hubs: OSPN correlations · RAMP correlations
