OSUR vs TACT: Correlation
OraSure Technologies, Inc. (OSUR) and TransAct Technologies Incorporated (TACT) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSUR and TACT?
Over the past 3 years, OSUR and TACT moved with a correlation of 0.35, which is moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.35 over 3. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 600.3 %².
Among the 11 assets we track against OSUR, TACT ranks #6 by 3-year correlation. The trailing year gives TACT the advantage: +10.5% versus +23.5%, a 13.0-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.
OSUR vs TACT: side by side
| OSUR (OraSure Technologies, Inc.) | TACT (TransAct Technologies Incorporated) | |
|---|---|---|
| 1-year return | +10.5% | +23.5% |
| 5-year return | -66.1% | -64.0% |
| Volatility (ann.) | 40.8% | 42.2% |
| Beta vs S&P 500 | 0.83 | 0.56 |
| Max drawdown (3Y) | -74.7% | -59.0% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OSUR | TACT |
|---|---|---|
| 2022 | -44.5% | -42.0% |
| 2023 | +70.1% | +10.4% |
| 2024 | -56.0% | -41.4% |
| 2025 | -33.0% | -2.2% |
| 2026 | +52.5% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSUR and TACT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OSUR and TACT?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.31 over the last year and 0.26 over 5 years.
Is TACT a good diversifier for OSUR?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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: OSUR correlations · TACT correlations
