Clene Inc. Common Stock (CLNN) — Stock Correlations & Overview
Over the past year, CLNN has moved most closely with CII, DRKY, PTH. Explore the stocks most correlated and inversely correlated with CLNN below, along with its price, financials, and company profile.
Stocks correlated with CLNN
Correlation of daily returns. Higher positive values move with CLNN; negative values move opposite it. Informational only, not investment advice.
Most correlated with CLNN
| Symbol | Company | Correlation |
|---|---|---|
| CII | BlackRock Enhanced Large Cap Core Fund, Inc. | 0.34 |
| DRKY | VistaShares Target 15 DRUKMacro Distribution ETF | 0.33 |
| PTH | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Healthcare Momentum ETF | 0.32 |
| SKK | SKK Holdings Limited Class A Ordinary Shares | 0.32 |
| DFLI | Dragonfly Energy Holdings Corp. Common Stock (NV)MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES | 0.32 |
Most inversely correlated with CLNN
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.31 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.27 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.26 |
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.26 |
| TWM | ProShares UltraShort Russell2000 | -0.26 |
Frequently asked questions about CLNN correlations
- Which stocks are most correlated with CLNN?
- Based on one year of daily returns, the stocks most correlated with Clene Inc. Common Stock (CLNN) are CII (0.34), DRKY (0.33) and PTH (0.32). 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 CLNN?
- Over the past year, the stocks most inversely correlated with Clene Inc. Common Stock (CLNN) are SARK (-0.31), LABD (-0.27) and CONI (-0.26). 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 CLNN correlations calculated?
- We compute the correlation of daily returns between CLNN 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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