ARTV vs COOT: Correlation
Measured on weekly returns over the past three years, Artiva Biotherapeutics, Inc. (ARTV) and Australian Oilseeds Holdings Limited (COOT) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTV and COOT?
Over the past 3 years, ARTV and COOT moved with a correlation of 0.47, which is moderate. The past 12 months show a tighter link (0.65) than the 3-year average (0.47). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 10862.7 %².
Among the 19 assets we track against ARTV, COOT ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ARTV outperformed by 290.3 percentage points (+265.1% for ARTV against -25.2% for COOT).
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.
ARTV vs COOT: side by side
| ARTV (Artiva Biotherapeutics, Inc.) | COOT (Australian Oilseeds Holdings Limited) | |
|---|---|---|
| 1-year return | +265.1% | -25.2% |
| 5-year return | n/a | -95.4% |
| Volatility (ann.) | 145.0% | 146.6% |
| Beta vs S&P 500 | 2.62 | 0.13 |
| Max drawdown (3Y) | -90.7% | -97.0% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARTV | COOT |
|---|---|---|
| 2022 | – | +2.8% |
| 2023 | – | +10.1% |
| 2024 | – | -89.7% |
| 2025 | -57.4% | -56.7% |
| 2026 | +178.3% | -10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTV and COOT good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARTV and COOT?
The ARTV/COOT correlation stands at 0.47 on a 3-year window (1 year: 0.65, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is COOT a good diversifier for ARTV?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/artv-vs-coot.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/artv-vs-coot/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARTV correlations · COOT correlations
