OTEX vs PTC: Correlation
How closely do Open Text Corporation (OTEX) and PTC Inc. (PTC) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OTEX and PTC?
On 3 years of weekly data the OTEX/PTC correlation comes out at 0.53, moderate. Recent behaviour matches the longer record: 0.63 over 1 year against 0.53 over 3. The 5-year figure is 0.53, and annualized covariance runs at 490.4 %².
Among the 15 assets we track against OTEX, PTC ranks #7 by 3-year correlation. Over the last 12 months OTEX came out ahead by 5.9 percentage points (-20.7% against -26.6%).
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.
OTEX vs PTC: side by side
| OTEX (Open Text Corporation) | PTC (PTC Inc.) | |
|---|---|---|
| 1-year return | -20.7% | -26.6% |
| 5-year return | -46.4% | +20.0% |
| Volatility (ann.) | 32.4% | 28.8% |
| Beta vs S&P 500 | 1.06 | 1.02 |
| Max drawdown (3Y) | -50.4% | -48.1% |
| Market cap | $6.1B | $17.2B |
| P/E (trailing) | 9.4 | 14.7 |
| Dividend yield | 4.52% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | OTEX | PTC |
|---|---|---|
| 2022 | -35.9% | -0.9% |
| 2023 | +45.4% | +45.8% |
| 2024 | -30.4% | +5.1% |
| 2025 | +19.3% | -5.3% |
| 2026 | -21.0% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OTEX and PTC good diversifiers for each other?
Only partially. A correlation of 0.53 means OTEX and PTC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between OTEX and PTC?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.63 over the last year and 0.53 over 5 years.
Is PTC a good diversifier for OTEX?
Only partially. A correlation of 0.53 means OTEX and PTC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/otex-vs-ptc.json
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[](https://www.pairbook.io/pair/otex-vs-ptc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OTEX correlations · PTC correlations
