AUUD vs CL: Correlation
How closely do Auddia Inc. (AUUD) and Colgate-Palmolive (CL) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUUD and CL?
Across a 3-year window, the weekly returns of AUUD and CL correlate at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.24 over 3. Stretching to 5 years gives -0.19, with an annualized covariance of -436.0 %².
Among the 19 assets we track against AUUD, CL sits near the bottom by co-movement, at rank #15. The last year tells two different stories: CL led by 105.0 percentage points, -94.6% for AUUD against +10.4% for CL. Note the risk asymmetry: AUUD runs 6.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AUUD vs CL: side by side
| AUUD (Auddia Inc.) | CL (Colgate-Palmolive) | |
|---|---|---|
| 1-year return | -94.6% | +10.4% |
| 5-year return | -100.0% | +32.0% |
| Volatility (ann.) | 107.6% | 16.9% |
| Beta vs S&P 500 | -0.10 | 0.17 |
| Max drawdown (3Y) | -99.9% | -29.0% |
| Market cap | – | $72.5B |
| P/E (trailing) | 0.2 | 36.2 |
| Dividend yield | 0.00% | 2.27% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | AUUD | CL |
|---|---|---|
| 2022 | -46.1% | -5.4% |
| 2023 | -74.0% | +3.8% |
| 2024 | -91.8% | +16.6% |
| 2025 | -88.8% | -11.0% |
| 2026 | -86.7% | +17.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUUD and CL good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between AUUD and CL?
The AUUD/CL correlation stands at -0.24 on a 3-year window (1 year: -0.18, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is CL a good diversifier for AUUD?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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: AUUD correlations · CL correlations
