Which stocks are most correlated with COO?

Based on one year of daily returns, the stocks most correlated with The Cooper Companies, Inc. Common Stock (COO) are MDEV (0.69), XHE (0.66) and IHI (0.65). 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 COO?

Over the past year, the stocks most inversely correlated with The Cooper Companies, Inc. Common Stock (COO) are RXD (-0.53), EMTY (-0.50) and HDGE (-0.49). A negative correlation means the two stocks have tended to move in opposite directions.

The Cooper Companies, Inc. Common Stock (COO) — Stock Correlations & Overview

Over the past year, COO has moved most closely with MDEV, XHE, IHI. Explore the stocks most correlated and inversely correlated with COO below, along with its price, financials, and company profile.

Stocks correlated with COO

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

Most correlated with COO

Symbol	Company	Correlation
MDEV	First Trust Indxx Medical Devices ETF	0.69
XHE	State Street SPDR S&P Health Care Equipment ETF	0.66
IHI	iShares U.S. Medical Devices ETF	0.65
RSPH	Invesco S&P 500 Equal Weight Health Care ETF	0.63
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	0.62

Most inversely correlated with COO

Symbol	Company	Correlation
RXD	ProShares UltraShort Health Care	-0.53
EMTY	ProShares Decline of the Retail Store ETF	-0.50
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.49
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.47
SBB	ProShares Short SmallCap600	-0.45

Frequently asked questions about COO correlations

Which stocks are most correlated with COO?: Based on one year of daily returns, the stocks most correlated with The Cooper Companies, Inc. Common Stock (COO) are MDEV (0.69), XHE (0.66) and IHI (0.65). 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 COO?: Over the past year, the stocks most inversely correlated with The Cooper Companies, Inc. Common Stock (COO) are RXD (-0.53), EMTY (-0.50) and HDGE (-0.49). 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 COO correlations calculated?: We compute the correlation of daily returns between COO 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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