COOT vs TVRD: Correlation
How closely do Australian Oilseeds Holdings Limited (COOT) and Tvardi Therapeutics, Inc. (TVRD) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COOT and TVRD?
On 3 years of weekly data the COOT/TVRD correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.54) than the 3-year average (-0.35). The 5-year figure is -0.31, and annualized covariance runs at -6099.3 %².
Out of 10 assets tracked against COOT, TVRD lands near the bottom at #10. The last year tells two different stories: COOT led by 68.9 percentage points, -25.2% for COOT against -94.1% for TVRD.
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.
COOT vs TVRD: side by side
| COOT (Australian Oilseeds Holdings Limited) | TVRD (Tvardi Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -25.2% | -94.1% |
| 5-year return | -95.4% | -99.7% |
| Volatility (ann.) | 146.6% | 119.7% |
| Beta vs S&P 500 | 0.13 | 1.39 |
| Max drawdown (3Y) | -97.0% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COOT | TVRD |
|---|---|---|
| 2022 | +2.8% | -11.8% |
| 2023 | +10.1% | -93.1% |
| 2024 | -89.7% | -31.4% |
| 2025 | -56.7% | -76.6% |
| 2026 | -10.7% | -58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COOT and TVRD good diversifiers for each other?
Yes. With a correlation of -0.35, COOT and TVRD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between COOT and TVRD?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.54 over the last year and -0.31 over 5 years.
Is TVRD a good diversifier for COOT?
Yes. With a correlation of -0.35, COOT and TVRD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/coot-vs-tvrd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coot-vs-tvrd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COOT correlations · TVRD correlations
