COHR vs. MOD
COHR (Coherent, Inc.) and MOD (Modine Manufacturing Company) are both stocks. COHR operates in Scientific & Technical Instruments (Technology), while MOD operates in Auto Parts (Consumer Cyclical). Over the past 10 years, COHR returned 34.35%/yr vs 39.93%/yr for MOD. At a 0.31 correlation, their price movements are largely independent.
Performance
COHR vs. MOD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with COHR having a 108.61% return and MOD slightly lower at 105.60%. Over the past 10 years, COHR has underperformed MOD with an annualized return of 34.35%, while MOD has yielded a comparatively higher 39.93% annualized return.
COHR
- 1D
- 5.90%
- 1M
- -4.63%
- YTD
- 108.61%
- 6M
- 115.90%
- 1Y
- 375.64%
- 3Y*
- 107.95%
- 5Y*
- 40.59%
- 10Y*
- 34.35%
MOD
- 1D
- 1.10%
- 1M
- -1.68%
- YTD
- 105.60%
- 6M
- 96.24%
- 1Y
- 182.79%
- 3Y*
- 103.03%
- 5Y*
- 73.98%
- 10Y*
- 39.93%
COHR vs. MOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COHR Coherent, Inc. | 108.61% | 94.84% | 117.62% | 24.02% | -48.63% | -10.04% | 125.60% | 3.73% | -30.86% | 58.35% |
MOD Modine Manufacturing Company | 105.60% | 15.16% | 94.19% | 200.60% | 96.83% | -19.67% | 63.12% | -28.77% | -46.49% | 35.57% |
Correlation
The correlation between COHR and MOD is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.31 |
The correlation between COHR and MOD shifts across timeframes, from 0.31 (all time) to 0.51 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
COHR:
$1.64K
MOD:
$4.66
COHR:
0.23
MOD:
58.90
COHR:
0.04
MOD:
3.80
COHR:
0.02
MOD:
4.62
COHR:
$1.81T
MOD:
$3.18B
COHR:
$1.76B
MOD:
$731.10M
COHR:
$960.76M
MOD:
$276.90M
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Return for Risk
COHR vs. MOD — Risk / Return Rank
COHR
MOD
COHR vs. MOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coherent, Inc. (COHR) and Modine Manufacturing Company (MOD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COHR | MOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.40 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 14.28 | 6.68 | +7.60 |
| Martin ratioReturn relative to average drawdown | 39.14 | 19.05 | +20.09 |
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Drawdowns
COHR vs. MOD - Drawdown Comparison
The maximum COHR drawdown since its inception was -80.89%, smaller than the maximum MOD drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for COHR and MOD.
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Drawdown Indicators
| COHR | MOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.89% | -97.53% | +16.64% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -27.55% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -54.85% | -51.61% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -62.87% | -56.14% | -6.73% |
Max Drawdown (10Y)Largest decline over 10 years | -72.22% | -88.13% | +15.91% |
Current DrawdownCurrent decline from peak | -9.81% | -10.55% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -35.02% | -37.66% | +2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.66% | 9.64% | +0.02% |
Volatility
COHR vs. MOD - Volatility Comparison
Coherent, Inc. (COHR) has a higher volatility of 27.87% compared to Modine Manufacturing Company (MOD) at 25.85%. This indicates that COHR's price experiences larger fluctuations and is considered to be riskier than MOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COHR | MOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.87% | 25.85% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 57.45% | 52.74% | +4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.72% | 66.82% | +6.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.62% | 60.36% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.55% | 58.84% | -2.29% |
Dividends
COHR vs. MOD - Dividend Comparison
Neither COHR nor MOD has paid dividends to shareholders.
Financials
COHR vs. MOD - Financials Comparison
This section allows you to compare key financial metrics between Coherent, Inc. and Modine Manufacturing Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
COHR vs. MOD - Profitability Comparison
COHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported a gross profit of 0.00 and revenue of 1.81T. Therefore, the gross margin over that period was 0.0%.
MOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported a gross profit of 214.70M and revenue of 954.40M. Therefore, the gross margin over that period was 22.5%.
COHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported an operating income of 0.00 and revenue of 1.81T, resulting in an operating margin of 0.0%.
MOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported an operating income of 96.40M and revenue of 954.40M, resulting in an operating margin of 10.1%.
COHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported a net income of 191.40B and revenue of 1.81T, resulting in a net margin of 10.6%.
MOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Modine Manufacturing Company reported a net income of 201.50M and revenue of 954.40M, resulting in a net margin of 21.1%.
Frequently Asked Questions
COHR and MOD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COHR has higher volatility (27.87%) compared to MOD (25.85%). In terms of maximum drawdown, COHR dropped -80.89% vs MOD's -97.53%.
COHR currently has the higher Sharpe Ratio (5.14 vs 2.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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