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NOPE listen I did tests and studies on my friend and myself with chocobo color and here is what I came up with in my findings:

Chocobo color is based on two things, color of parents and stats of the baby chocobo. Essentially your stats will determine your color if you didn't breed it with two of the same color chocobo.

Breed black + black = black chocobo
Breed black + red (or any other color) = Stats
Bought egg or isnm egg = Stats

This is the stage RIGHT before the chocobo turns adolesence
Example:
lv 3+ STR PLUS lv 3+ affection = black chocobo
lv 2-3+ END PLUS lv 2+ affection = blue chocobo
lv 2-3+ DSC PLUS lv 2+ affection = red chocobo
lv 3+ RES PLUS lv 3+ affection = green chocobo

"Why is my chocobo blu when I had everything there to make a black?"
having lv 3 STR and lv 3 END affects the color of your chocobo. Essentially it now comes down to your affection. If you have lv 3 affection it will be black, if you have lv 2 affection it will be blue.

Same applies with the green and red.

Color does not affect your ability to race more efficiently or have luckier digs, its just there for looks. ^^ Test my theory, I bet it will work for you!

If you want a black chocobo and you want to buy the egg or you got two mismatched chocobo's my advise is to set your chocobo on a strick walking plan and feed it vomp carrots only. Take the little chick for walks everytime you can and you should reach the lv 3 affection and STR no problem. ^^ Good luck!