HOFT vs ODC: Correlation
Measured on weekly returns over the past three years, Hooker Furnishings Corporation (HOFT) and Oil-Dri Corporation Of America (ODC) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOFT and ODC?
On 3 years of weekly data the HOFT/ODC correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.47 over 3. The 5-year figure is 0.46, and annualized covariance runs at 921.7 %².
Within HOFT's tracked universe of 12 assets, ODC comes in at #6 by 3-year correlation. The last year tells two different stories: ODC led by 19.1 percentage points, +38.9% for HOFT against +58.0% for ODC.
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.
HOFT vs ODC: side by side
| HOFT (Hooker Furnishings Corporation) | ODC (Oil-Dri Corporation Of America) | |
|---|---|---|
| 1-year return | +38.9% | +58.0% |
| 5-year return | -46.3% | +476.5% |
| Volatility (ann.) | 53.9% | 36.6% |
| Beta vs S&P 500 | 1.11 | 0.41 |
| Max drawdown (3Y) | -69.9% | -32.7% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 23.7 |
| Dividend yield | 5.02% | 0.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOFT | ODC |
|---|---|---|
| 2022 | -15.7% | +6.5% |
| 2023 | +45.7% | +104.8% |
| 2024 | -43.3% | +32.9% |
| 2025 | -13.3% | +13.2% |
| 2026 | +21.2% | +88.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOFT and ODC good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HOFT and ODC?
The HOFT/ODC correlation stands at 0.47 on a 3-year window (1 year: 0.44, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is ODC a good diversifier for HOFT?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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/hoft-vs-odc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hoft-vs-odc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOFT correlations · ODC correlations
