CCB vs IPW: Correlation
How closely do Coastal Financial Corporation (CCB) and iPower Inc. (IPW) trade together? Their weekly returns over three years give a correlation of -0.41, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCB and IPW?
Across a 3-year window, the weekly returns of CCB and IPW correlate at -0.41, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.68) than the 3-year average (-0.41). Stretching to 5 years gives -0.32, with an annualized covariance of -7513.1 %².
Out of 19 assets tracked against CCB, IPW lands near the bottom at #15. The last year tells two different stories: CCB led by 39.6 percentage points, -59.0% for CCB against -98.6% for IPW. Risk is not evenly split, since IPW carries 8.9 times the volatility of the other side.
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.
CCB vs IPW: side by side
| CCB (Coastal Financial Corporation) | IPW (iPower Inc.) | |
|---|---|---|
| 1-year return | -59.0% | -98.6% |
| 5-year return | +59.4% | -99.8% |
| Volatility (ann.) | 45.4% | 405.9% |
| Beta vs S&P 500 | 0.96 | 2.99 |
| Max drawdown (3Y) | -66.5% | -100.0% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCB | IPW |
|---|---|---|
| 2022 | -6.1% | -83.2% |
| 2023 | -6.5% | +12.5% |
| 2024 | +91.2% | +85.1% |
| 2025 | +35.0% | -70.1% |
| 2026 | -59.2% | -96.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCB and IPW good diversifiers for each other?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
FAQ
What is the correlation between CCB and IPW?
Using weekly returns as of 2026-08-27: -0.41 over 3 years, with -0.68 over the last year and -0.32 over 5 years.
Is IPW a good diversifier for CCB?
By historical standards, yes. A correlation of -0.41 means the two rarely move for the same reasons.
What does a correlation of -0.41 mean?
A reading of -0.41 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
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Related comparisons
Hubs: CCB correlations · IPW correlations
