CareCloud, Inc. Common Stock (CCLD) — Stock Correlations & Overview
Over the past year, CCLD has moved most closely with NRDS, APPN, SFLO. Explore the stocks most correlated and inversely correlated with CCLD below, along with its price, financials, and company profile.
Stocks correlated with CCLD
Correlation of daily returns. Higher positive values move with CCLD; negative values move opposite it. Informational only, not investment advice.
Most correlated with CCLD
| Symbol | Company | Correlation |
|---|---|---|
| NRDS | NerdWallet, Inc. Class A Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.40 |
| APPN | Appian Corporation Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.39 |
| SFLO | VictoryShares Small Cap Free Cash Flow ETF | 0.39 |
| LSPD | Lightspeed Commerce Inc. | 0.38 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.38 |
Most inversely correlated with CCLD
| Symbol | Company | Correlation |
|---|---|---|
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.32 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.30 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.29 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.29 |
| FIAT | YieldMax Short COIN Option Income Strategy ETF | -0.28 |
Frequently asked questions about CCLD correlations
- Which stocks are most correlated with CCLD?
- Based on one year of daily returns, the stocks most correlated with CareCloud, Inc. Common Stock (CCLD) are NRDS (0.40), APPN (0.39) and SFLO (0.39). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CCLD?
- Over the past year, the stocks most inversely correlated with CareCloud, Inc. Common Stock (CCLD) are FLYD (-0.32), HDGE (-0.30) and SARK (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CCLD correlations calculated?
- We compute the correlation of daily returns between CCLD and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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