CPS vs RCKY: Correlation
Measured on weekly returns over the past three years, Cooper-Standard Holdings Inc. (CPS) and Rocky Brands, Inc. (RCKY) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPS and RCKY?
On 3 years of weekly data the CPS/RCKY correlation comes out at 0.53, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.33 versus 0.53 over 3 years. The 5-year figure is 0.33, and annualized covariance runs at 2587.7 %².
RCKY is one of the assets that tracks CPS most closely: it ranks #2 out of the 12 assets we track against CPS. Correlation aside, the last 12 months split them widely, with RCKY ahead by 76.1 points (-25.8% versus +50.3%).
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.
CPS vs RCKY: side by side
| CPS (Cooper-Standard Holdings Inc.) | RCKY (Rocky Brands, Inc.) | |
|---|---|---|
| 1-year return | -25.8% | +50.3% |
| 5-year return | +15.8% | +0.6% |
| Volatility (ann.) | 72.2% | 68.1% |
| Beta vs S&P 500 | 1.75 | 1.66 |
| Max drawdown (3Y) | -45.2% | -68.0% |
| Market cap | $0.5B | $0.3B |
| P/E (trailing) | – | 11.9 |
| Dividend yield | 0.00% | 1.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPS | RCKY |
|---|---|---|
| 2022 | -59.6% | -39.5% |
| 2023 | +115.7% | +31.4% |
| 2024 | -30.6% | -22.8% |
| 2025 | +142.1% | +31.9% |
| 2026 | -19.6% | +55.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPS and RCKY good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CPS and RCKY?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.33 over the last year and 0.33 over 5 years.
Is RCKY a good diversifier for CPS?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 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/cps-vs-rcky.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cps-vs-rcky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPS correlations · RCKY correlations
