Compass Diversified (CODI) Correlation Distribution
Across 6,809 rolling correlation observations between Compass Diversified (CODI) and other NASDAQ-listed stocks, 76.3% are positive and 23.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.262, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5.8% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.262
- Most common range
- 0.3 to 0.4
- Positive pairs
- 76.3%
- Strong positive (≥0.7)
- 5.8%
- Sector
- Household Furniture
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 3 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 35 | 0.5% | |
| -0.6 to -0.5 | 35 | 0.5% | |
| -0.5 to -0.4 | 141 | 2.1% | |
| -0.4 to -0.3 | 141 | 2.1% | |
| -0.3 to -0.2 | 371 | 5.4% | |
| -0.2 to -0.1 | 371 | 5.4% | |
| -0.1 to 0.0 | 515 | 7.6% | |
| 0.0 to 0.1 | 514 | 7.5% | |
| 0.1 to 0.2 | 614 | 9.0% | |
| 0.2 to 0.3 | 613 | 9.0% | |
| 0.3 to 0.4 | 768 | 11.3% | |
| 0.4 to 0.5 | 768 | 11.3% | |
| 0.5 to 0.6 | 762 | 11.2% | |
| 0.6 to 0.7 | 762 | 11.2% | |
| 0.7 to 0.8 | 195 | 2.9% | |
| 0.8 to 0.9 | 195 | 2.9% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of CODI?
Compass Diversified (CODI) has an average correlation of about 0.262 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CODI positively correlated with other stocks?
Mostly yes — 76.3% of pairs are positive and 23.7% are negative. Strong positive correlations (≥0.7) make up 5.8%.
What is the most common correlation range for CODI?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 44% of all pairs.
Explore the full interactive correlation distribution for CODI.
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