COCP vs SD: Correlation
Measured on weekly returns over the past three years, Cocrystal Pharma, Inc. (COCP) and SandRidge Energy, Inc. (SD) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COCP and SD?
On 3 years of weekly data the COCP/SD correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.22 over 3 years. The 5-year figure is -0.02, and annualized covariance runs at -557.6 %².
SD is close to the least connected end of COCP's tracked universe, ranking #10 of 10. The last year tells two different stories: SD led by 54.3 percentage points, -26.5% for COCP against +27.8% for SD. Note the risk asymmetry: COCP runs 2.3 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.
COCP vs SD: side by side
| COCP (Cocrystal Pharma, Inc.) | SD (SandRidge Energy, Inc.) | |
|---|---|---|
| 1-year return | -26.5% | +27.8% |
| 5-year return | -91.4% | +126.2% |
| Volatility (ann.) | 75.4% | 33.0% |
| Beta vs S&P 500 | 1.06 | 0.32 |
| Max drawdown (3Y) | -74.8% | -37.9% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 0.00% | 3.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COCP | SD |
|---|---|---|
| 2022 | -75.0% | +62.8% |
| 2023 | -11.8% | -8.2% |
| 2024 | +17.4% | -1.2% |
| 2025 | -51.5% | +28.2% |
| 2026 | +16.3% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COCP and SD good diversifiers for each other?
Yes. With a correlation of -0.22, COCP and SD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between COCP and SD?
As of 2026-08-27, the correlation of weekly returns between COCP and SD is -0.22 over 3 years, -0.43 over 1 year and -0.02 over 5 years.
Is SD a good diversifier for COCP?
Yes. With a correlation of -0.22, COCP and SD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/cocp-vs-sd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cocp-vs-sd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COCP correlations · SD correlations
