COO vs IMCC: Correlation
How closely do Cooper Companies (The) (COO) and IM Cannabis Corp. (IMCC) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and IMCC?
Across a 3-year window, the weekly returns of COO and IMCC correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.23). Stretching to 5 years gives -0.10, with an annualized covariance of -1114.0 %².
Within COO's tracked universe of 38 assets, IMCC comes in at #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with COO ahead by 89.9 points (-4.3% versus -94.2%). Note the risk asymmetry: IMCC runs 6.3 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.
COO vs IMCC: side by side
| COO (Cooper Companies (The)) | IMCC (IM Cannabis Corp.) | |
|---|---|---|
| 1-year return | -4.3% | -94.2% |
| 5-year return | -36.8% | -99.9% |
| Volatility (ann.) | 27.7% | 174.2% |
| Beta vs S&P 500 | 0.69 | 1.11 |
| Max drawdown (3Y) | -47.0% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | 61.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | COO | IMCC |
|---|---|---|
| 2022 | -21.1% | -97.1% |
| 2023 | +14.5% | -63.4% |
| 2024 | -2.8% | +8.8% |
| 2025 | -10.8% | -40.4% |
| 2026 | -13.4% | -90.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and IMCC good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between COO and IMCC?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.04 over the last year and -0.10 over 5 years.
Is IMCC a good diversifier for COO?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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/coo-vs-imcc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/coo-vs-imcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COO correlations · IMCC correlations
