COLD vs TFX: Correlation
Measured on weekly returns over the past three years, Americold Realty Trust, Inc. (COLD) and Teleflex Incorporated (TFX) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLD and TFX?
On 3 years of weekly data the COLD/TFX correlation comes out at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 563.4 %².
Within COLD's tracked universe of 18 assets, TFX comes in at #8 by 3-year correlation. Their 12-month results are close: +8.3% for COLD against +7.5% for TFX.
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.
COLD vs TFX: side by side
| COLD (Americold Realty Trust, Inc.) | TFX (Teleflex Incorporated) | |
|---|---|---|
| 1-year return | +8.3% | +7.5% |
| 5-year return | -49.6% | -63.6% |
| Volatility (ann.) | 35.4% | 35.0% |
| Beta vs S&P 500 | 0.70 | 0.75 |
| Max drawdown (3Y) | -67.1% | -60.1% |
| Market cap | $4.3B | $5.8B |
| P/E (trailing) | – | – |
| Dividend yield | 6.02% | 0.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLD | TFX |
|---|---|---|
| 2022 | -10.9% | -23.6% |
| 2023 | +10.1% | +0.5% |
| 2024 | -26.7% | -28.2% |
| 2025 | -36.2% | -30.7% |
| 2026 | +21.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLD and TFX good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between COLD and TFX?
As of 2026-08-27, the correlation of weekly returns between COLD and TFX is 0.45 over 3 years, 0.50 over 1 year and 0.39 over 5 years.
Is TFX a good diversifier for COLD?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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/cold-vs-tfx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cold-vs-tfx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COLD correlations · TFX correlations
