Which stocks are most correlated with CODI?

Based on one year of daily returns, the stocks most correlated with Compass Diversified (CODI) are FMNB (0.38), PHUN (0.35) and FDM (0.35). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with CODI?

Over the past year, the stocks most inversely correlated with Compass Diversified (CODI) are SDD (-0.30), SKRE (-0.29) and TZA (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.

Compass Diversified (CODI) — Stock Correlations & Overview

Over the past year, CODI has moved most closely with FMNB, PHUN, FDM. Explore the stocks most correlated and inversely correlated with CODI below, along with its price, financials, and company profile.

Stocks correlated with CODI

Correlation of daily returns. Higher positive values move with CODI; negative values move opposite it. Informational only, not investment advice.

Most correlated with CODI

Symbol	Company	Correlation
FMNB	Farmers National Banc CorpSTATE COMMERCIAL BANKS	0.38
PHUN	Phunware, Inc. Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.35
FDM	First Trust Dow Jones Select MicroCap Index Fund	0.35
ATLX	Atlas Lithium Corporation Common StockMINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS)	0.34
EES	WisdomTree U.S. SmallCap Fund	0.33

Most inversely correlated with CODI

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	-0.30
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.29
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.29
SBB	ProShares Short SmallCap600	-0.29
TWM	ProShares UltraShort Russell2000	-0.28

Frequently asked questions about CODI correlations

Which stocks are most correlated with CODI?: Based on one year of daily returns, the stocks most correlated with Compass Diversified (CODI) are FMNB (0.38), PHUN (0.35) and FDM (0.35). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with CODI?: Over the past year, the stocks most inversely correlated with Compass Diversified (CODI) are SDD (-0.30), SKRE (-0.29) and TZA (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these CODI correlations calculated?: We compute the correlation of daily returns between CODI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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