AGRO vs COHN: Correlation
How closely do Adecoagro S.A. (AGRO) and Cohen & Company Inc. (COHN) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGRO and COHN?
On 3 years of weekly data the AGRO/COHN correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.20 over 3. The 5-year figure is -0.07, and annualized covariance runs at -670.5 %².
By 3-year correlation, COHN places #18 of the 36 assets tracked against AGRO. The last year tells two different stories: AGRO led by 21.0 percentage points, +28.1% for AGRO against +7.1% for COHN. One caveat on sizing: COHN is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AGRO vs COHN: side by side
| AGRO (Adecoagro S.A.) | COHN (Cohen & Company Inc.) | |
|---|---|---|
| 1-year return | +28.1% | +7.1% |
| 5-year return | +29.1% | -2.6% |
| Volatility (ann.) | 41.7% | 81.7% |
| Beta vs S&P 500 | -0.27 | 0.90 |
| Max drawdown (3Y) | -41.3% | -62.6% |
| Market cap | $1.5B | – |
| P/E (trailing) | 28.9 | 2.3 |
| Dividend yield | 0.00% | 9.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGRO | COHN |
|---|---|---|
| 2022 | +11.5% | -36.7% |
| 2023 | +38.6% | -9.7% |
| 2024 | -12.4% | +73.4% |
| 2025 | -14.3% | +149.5% |
| 2026 | +36.0% | -44.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGRO and COHN good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGRO and COHN?
As of 2026-08-27, the correlation of weekly returns between AGRO and COHN is -0.20 over 3 years, -0.19 over 1 year and -0.07 over 5 years.
Is COHN a good diversifier for AGRO?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AGRO correlations · COHN correlations
