COTY vs PIII: Correlation
How closely do Coty Inc. (COTY) and P3 Health Partners Inc. (PIII) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COTY and PIII?
On 3 years of weekly data the COTY/PIII correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. The 5-year figure is -0.13, and annualized covariance runs at -1623.3 %².
PIII is close to the least connected end of COTY's tracked universe, ranking #8 of 10. Correlation aside, the last 12 months split them widely, with PIII ahead by 53.9 points (-34.3% versus +19.6%). One caveat on sizing: PIII is 3.6 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.
COTY vs PIII: side by side
| COTY (Coty Inc.) | PIII (P3 Health Partners Inc.) | |
|---|---|---|
| 1-year return | -34.3% | +19.6% |
| 5-year return | -71.0% | -98.1% |
| Volatility (ann.) | 42.5% | 154.4% |
| Beta vs S&P 500 | 1.08 | 0.52 |
| Max drawdown (3Y) | -86.0% | -98.9% |
| Market cap | $2.4B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COTY | PIII |
|---|---|---|
| 2022 | -18.5% | -73.9% |
| 2023 | +45.1% | -23.4% |
| 2024 | -44.0% | -84.0% |
| 2025 | -55.7% | -69.0% |
| 2026 | -10.4% | +169.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COTY and PIII good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between COTY and PIII?
As of 2026-08-27, the correlation of weekly returns between COTY and PIII is -0.25 over 3 years, -0.31 over 1 year and -0.13 over 5 years.
Is PIII a good diversifier for COTY?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/coty-vs-piii.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/coty-vs-piii/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COTY correlations · PIII correlations
