CLPS Incorporation Common Stock (CLPS) — Stock Correlations & Overview
Over the past year, CLPS has moved most closely with BTCT, PRAX, JBHT. Explore the stocks most correlated and inversely correlated with CLPS below, along with its price, financials, and company profile.
Stocks correlated with CLPS
Correlation of daily returns. Higher positive values move with CLPS; negative values move opposite it. Informational only, not investment advice.
Most correlated with CLPS
| Symbol | Company | Correlation |
|---|---|---|
| BTCT | BTC Digital Ltd. Ordinary SharesFINANCE SERVICES | 0.27 |
| PRAX | Praxis Precision Medicines, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.26 |
| JBHT | JB Hunt Transport Services IncTRUCKING (NO LOCAL) | 0.24 |
| SLI | Standard Lithium Ltd. | 0.23 |
| BSCR | Invesco BulletShares 2027 Corporate Bond ETF | 0.22 |
Most inversely correlated with CLPS
| Symbol | Company | Correlation |
|---|---|---|
| ZIONP | Zions Bancorporation, N.A. Depositary Shares (Each Representing 1/40th Interest in a Share of Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock)NATIONAL COMMERCIAL BANKS | -0.43 |
| RANI | Rani Therapeutics Holdings, Inc. Class A Common StockPHARMACEUTICAL PREPARATIONS | -0.31 |
| BYND | Beyond Meat, Inc. Common StockFOOD AND KINDRED PRODUCTS | -0.29 |
| KVUE | Kenvue Inc.PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS | -0.24 |
| SKWD | Skyward Specialty Insurance Group, Inc. Common StockFIRE, MARINE & CASUALTY INSURANCE | -0.23 |
Frequently asked questions about CLPS correlations
- Which stocks are most correlated with CLPS?
- Based on one year of daily returns, the stocks most correlated with CLPS Incorporation Common Stock (CLPS) are BTCT (0.27), PRAX (0.26) and JBHT (0.24). 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 CLPS?
- Over the past year, the stocks most inversely correlated with CLPS Incorporation Common Stock (CLPS) are ZIONP (-0.43), RANI (-0.31) and BYND (-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 CLPS correlations calculated?
- We compute the correlation of daily returns between CLPS 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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