Compass Diversified Holdings 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares representing beneficial interests in Compass Diversified Holdings (CODIpB) — Stock Correlations & Overview
Over the past year, CODIpB has moved most closely with CODIpC, CODIpA, EFCpB. Explore the stocks most correlated and inversely correlated with CODIpB below, along with its price, financials, and company profile.
Stocks correlated with CODIpB
Correlation of daily returns. Higher positive values move with CODIpB; negative values move opposite it. Informational only, not investment advice.
Most correlated with CODIpB
| Symbol | Company | Correlation |
|---|---|---|
| CODIpC | Compass Diversified Holdings 7.875% Series C Cumulative Preferred SharesHOUSEHOLD FURNITURE | 0.84 |
| CODIpA | Compass Diversified Holdings 7.250% Series A Preferred Shares representing beneficial interest in Compass Diversified HoldingsHOUSEHOLD FURNITURE | 0.67 |
| EFCpB | Ellington Financial Inc. 6.250% Series B Fixed-Rate Reset Cumulative Redeemable Preferred StockREAL ESTATE | 0.31 |
| KKRS | KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061INVESTMENT ADVICE | 0.29 |
| UFG | Uni-Fuels Holdings Limited Class A Ordinary Shares | 0.29 |
Most inversely correlated with CODIpB
| Symbol | Company | Correlation |
|---|---|---|
| RFAIR | RF Acquisition Corp II RightBLANK CHECKS | -0.40 |
| LFS | LEIFRAS Co., Ltd. American Depositary Shares | -0.30 |
| RLMD | Relmada Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.27 |
| AQB | AquaBounty Technologies, Inc. | -0.23 |
| BENF | Beneficient Class A Common StockFINANCE SERVICES | -0.22 |
Frequently asked questions about CODIpB correlations
- Which stocks are most correlated with CODIpB?
- Based on one year of daily returns, the stocks most correlated with Compass Diversified Holdings 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares representing beneficial interests in Compass Diversified Holdings (CODIpB) are CODIpC (0.84), CODIpA (0.67) and EFCpB (0.31). 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 CODIpB?
- Over the past year, the stocks most inversely correlated with Compass Diversified Holdings 7.875% Series B Fixed-to-Floating Rate Cumulative Preferred Shares representing beneficial interests in Compass Diversified Holdings (CODIpB) are RFAIR (-0.40), LFS (-0.30) and RLMD (-0.27). 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 CODIpB correlations calculated?
- We compute the correlation of daily returns between CODIpB 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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