COHU vs FRD: Correlation
How closely do Cohu, Inc. (COHU) and Friedman Industries Inc. (FRD) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHU and FRD?
On 3 years of weekly data the COHU/FRD correlation comes out at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.44). The 5-year figure is 0.38, and annualized covariance runs at 976.7 %².
Among the 24 assets we track against COHU, FRD ranks #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with COHU ahead by 17.0 points (+154.8% versus +137.8%).
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 FRD: side by side
| COHU (Cohu, Inc.) | FRD (Friedman Industries Inc.) | |
|---|---|---|
| 1-year return | +154.8% | +137.8% |
| 5-year return | +41.3% | +282.9% |
| Volatility (ann.) | 44.8% | 50.1% |
| Beta vs S&P 500 | 1.74 | 1.10 |
| Max drawdown (3Y) | -64.7% | -34.6% |
| Market cap | $2.4B | $0.3B |
| P/E (trailing) | – | 11.7 |
| Dividend yield | 0.00% | 0.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COHU | FRD |
|---|---|---|
| 2022 | -15.9% | +5.3% |
| 2023 | +10.4% | +59.0% |
| 2024 | -24.6% | -0.3% |
| 2025 | -12.8% | +35.3% |
| 2026 | +122.1% | +120.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHU and FRD good diversifiers for each other?
Reasonably. At 0.44, COHU and FRD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COHU and FRD?
The COHU/FRD correlation stands at 0.44 on a 3-year window (1 year: 0.55, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is FRD a good diversifier for COHU?
Reasonably. At 0.44, COHU and FRD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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
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Related comparisons
Hubs: COHU correlations · FRD correlations
