Compass Diversified Holdings 7.250% Series A Preferred Shares representing beneficial interest in Compass Diversified Holdings (CODIpA) — Stock Correlations & Overview
Over the past year, CODIpA has moved most closely with CODIpC, CODIpB, EFCpB. Explore the stocks most correlated and inversely correlated with CODIpA below, along with its price, financials, and company profile.
Stocks correlated with CODIpA
Correlation of daily returns. Higher positive values move with CODIpA; negative values move opposite it. Informational only, not investment advice.
Most correlated with CODIpA
| Symbol | Company | Correlation |
|---|---|---|
| CODIpC | Compass Diversified Holdings 7.875% Series C Cumulative Preferred SharesHOUSEHOLD FURNITURE | 0.68 |
| CODIpB | Compass Diversified Holdings 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares representing beneficial interests in Compass Diversified HoldingsHOUSEHOLD FURNITURE | 0.67 |
| EFCpB | Ellington Financial Inc. 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred StockREAL ESTATE | 0.32 |
| UFG | Uni-Fuels Holdings Limited Class A Ordinary Shares | 0.27 |
| MSpF | MORGAN STANLEY SERIES FSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.26 |
Most inversely correlated with CODIpA
| Symbol | Company | Correlation |
|---|---|---|
| RFAIR | RF Acquisition Corp II RightBLANK CHECKS | -0.34 |
| BENF | Beneficient Class A Common StockFINANCE SERVICES | -0.28 |
| BTTC | Black Titan Corporation Ordinary Shares | -0.22 |
| EFT | Eaton Vance Floating-Rate Income Trust | -0.20 |
| TSHA | Taysha Gene Therapies, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.20 |
Frequently asked questions about CODIpA correlations
- Which stocks are most correlated with CODIpA?
- Based on one year of daily returns, the stocks most correlated with Compass Diversified Holdings 7.250% Series A Preferred Shares representing beneficial interest in Compass Diversified Holdings (CODIpA) are CODIpC (0.68), CODIpB (0.67) and EFCpB (0.32). 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 CODIpA?
- Over the past year, the stocks most inversely correlated with Compass Diversified Holdings 7.250% Series A Preferred Shares representing beneficial interest in Compass Diversified Holdings (CODIpA) are RFAIR (-0.34), BENF (-0.28) and BTTC (-0.22). 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 CODIpA correlations calculated?
- We compute the correlation of daily returns between CODIpA 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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