CCOI vs MNST: Correlation
How closely do Cogent Communications Holdings, Inc. (CCOI) and Monster Beverage (MNST) trade together? Their weekly returns over three years give a correlation of -0.36, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCOI and MNST?
Over the past 3 years, CCOI and MNST moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.43 lands near the 3-year figure. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -1578.5 %².
Out of 13 assets tracked against CCOI, MNST lands near the bottom at #13. The last year tells two different stories: MNST led by 50.0 percentage points, -74.3% for CCOI against -24.3% for MNST.
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.
CCOI vs MNST: side by side
| CCOI (Cogent Communications Holdings, Inc.) | MNST (Monster Beverage) | |
|---|---|---|
| 1-year return | -74.3% | -24.3% |
| 5-year return | -83.0% | -4.5% |
| Volatility (ann.) | 63.2% | 68.6% |
| Beta vs S&P 500 | 0.57 | 0.80 |
| Max drawdown (3Y) | -88.3% | -54.5% |
| Market cap | $0.5B | $91.5B |
| P/E (trailing) | – | 43.2 |
| Dividend yield | 10.70% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CCOI | MNST |
|---|---|---|
| 2022 | -17.2% | +5.7% |
| 2023 | +41.2% | +13.5% |
| 2024 | +7.2% | -8.8% |
| 2025 | -70.1% | +45.9% |
| 2026 | -55.0% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCOI and MNST good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCOI and MNST?
The CCOI/MNST correlation stands at -0.36 on a 3-year window (1 year: -0.43, 5 years: -0.29), computed from weekly returns as of 2026-08-27.
Is MNST a good diversifier for CCOI?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccoi-vs-mnst.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccoi-vs-mnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCOI correlations · MNST correlations
