OSPN vs TACT: Correlation
Measured on weekly returns over the past three years, OneSpan Inc. (OSPN) and TransAct Technologies Incorporated (TACT) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSPN and TACT?
On 3 years of weekly data the OSPN/TACT correlation comes out at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.34 over 3 years. The 5-year figure is 0.36, and annualized covariance runs at 631.4 %².
Out of 19 assets tracked against OSPN, TACT lands near the bottom at #15. The trailing year gives TACT the advantage: +15.6% versus +23.5%, a 7.9-point spread.
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 TACT: side by side
| OSPN (OneSpan Inc.) | TACT (TransAct Technologies Incorporated) | |
|---|---|---|
| 1-year return | +15.6% | +23.5% |
| 5-year return | -8.3% | -64.0% |
| Volatility (ann.) | 43.6% | 42.2% |
| Beta vs S&P 500 | 1.28 | 0.56 |
| Max drawdown (3Y) | -47.9% | -59.0% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | 9.3 | – |
| Dividend yield | 3.32% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OSPN | TACT |
|---|---|---|
| 2022 | -33.9% | -42.0% |
| 2023 | -4.2% | +10.4% |
| 2024 | +72.9% | -41.4% |
| 2025 | -28.5% | -2.2% |
| 2026 | +32.2% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSPN and TACT good diversifiers for each other?
Reasonably. At 0.34, OSPN and TACT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OSPN and TACT?
As of 2026-08-27, the correlation of weekly returns between OSPN and TACT is 0.34 over 3 years, 0.24 over 1 year and 0.36 over 5 years.
Is TACT a good diversifier for OSPN?
Reasonably. At 0.34, OSPN and TACT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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: OSPN correlations · TACT correlations
