OUST vs TAOX: Correlation
Measured on weekly returns over the past three years, Ouster, Inc. (OUST) and Tao Synergies Inc. (TAOX) 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 OUST and TAOX?
On 3 years of weekly data the OUST/TAOX correlation comes out at 0.34, moderate. The past 12 months show a weaker link (0.14) than the 3-year average (0.34). The 5-year figure is 0.26, and annualized covariance runs at 3283.8 %².
TAOX is close to the least connected end of OUST's tracked universe, ranking #11 of 14. Their recent paths diverged sharply: over the last 12 months OUST outperformed by 58.9 percentage points (+20.7% for OUST against -38.2% for TAOX).
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.
OUST vs TAOX: side by side
| OUST (Ouster, Inc.) | TAOX (Tao Synergies Inc.) | |
|---|---|---|
| 1-year return | +20.7% | -38.2% |
| 5-year return | -56.2% | -97.5% |
| Volatility (ann.) | 102.7% | 92.9% |
| Beta vs S&P 500 | 2.63 | 1.78 |
| Max drawdown (3Y) | -64.0% | -84.6% |
| Market cap | $2.6B | – |
| P/E (trailing) | – | 2.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OUST | TAOX |
|---|---|---|
| 2022 | -83.4% | -86.4% |
| 2023 | -11.1% | -76.6% |
| 2024 | +59.3% | -49.0% |
| 2025 | +77.1% | +6.1% |
| 2026 | +68.9% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OUST and TAOX good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OUST and TAOX?
The OUST/TAOX correlation stands at 0.34 on a 3-year window (1 year: 0.14, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is TAOX a good diversifier for OUST?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/oust-vs-taox.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/oust-vs-taox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OUST correlations · TAOX correlations
