COHU vs CSTE: Correlation
Measured on weekly returns over the past three years, Cohu, Inc. (COHU) and Caesarstone Ltd. (CSTE) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHU and CSTE?
On 3 years of weekly data the COHU/CSTE correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 1504.1 %².
Among the 24 assets we track against COHU, CSTE sits near the bottom by co-movement, at rank #20. The last year tells two different stories: COHU led by 37.9 percentage points, +154.8% for COHU against +116.9% for CSTE. One caveat on sizing: CSTE is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
COHU vs CSTE: side by side
| COHU (Cohu, Inc.) | CSTE (Caesarstone Ltd.) | |
|---|---|---|
| 1-year return | +154.8% | +116.9% |
| 5-year return | +41.3% | -74.8% |
| Volatility (ann.) | 44.8% | 100.4% |
| Beta vs S&P 500 | 1.74 | 1.27 |
| Max drawdown (3Y) | -64.7% | -90.8% |
| Market cap | $2.4B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COHU | CSTE |
|---|---|---|
| 2022 | -15.9% | -48.4% |
| 2023 | +10.4% | -34.5% |
| 2024 | -24.6% | +13.6% |
| 2025 | -12.8% | -56.2% |
| 2026 | +122.1% | +72.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHU and CSTE good diversifiers for each other?
Reasonably. At 0.33, COHU and CSTE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COHU and CSTE?
The COHU/CSTE correlation stands at 0.33 on a 3-year window (1 year: 0.41, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is CSTE a good diversifier for COHU?
Reasonably. At 0.33, COHU and CSTE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: COHU correlations · CSTE correlations
