SOC vs TCMD: Correlation
Sable Offshore Corp. (SOC) and Tactile Systems Technology, Inc. (TCMD) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOC and TCMD?
Over the past 3 years, SOC and TCMD moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.23). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -1514.4 %².
Among the 31 assets we track against SOC, TCMD ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TCMD outperformed by 159.3 percentage points (-83.6% for SOC against +75.7% for TCMD). Risk is not evenly split, since SOC carries 1.6 times the volatility of the other side.
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.
SOC vs TCMD: side by side
| SOC (Sable Offshore Corp.) | TCMD (Tactile Systems Technology, Inc.) | |
|---|---|---|
| 1-year return | -83.6% | +75.7% |
| 5-year return | -51.7% | -47.2% |
| Volatility (ann.) | 101.7% | 63.6% |
| Beta vs S&P 500 | 0.03 | 0.87 |
| Max drawdown (3Y) | -90.7% | -51.8% |
| Market cap | $0.9B | $0.5B |
| P/E (trailing) | – | 22.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SOC | TCMD |
|---|---|---|
| 2022 | +3.4% | -39.7% |
| 2023 | +13.3% | +24.6% |
| 2024 | +101.1% | +19.8% |
| 2025 | -60.6% | +69.3% |
| 2026 | -48.3% | -20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOC and TCMD good diversifiers for each other?
Yes. With a correlation of -0.23, SOC and TCMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SOC and TCMD?
The SOC/TCMD correlation stands at -0.23 on a 3-year window (1 year: -0.34, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is TCMD a good diversifier for SOC?
Yes. With a correlation of -0.23, SOC and TCMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/soc-vs-tcmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/soc-vs-tcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SOC correlations · TCMD correlations
