CLPS Correlations

CLPS Stock

USD 1.20 0.03 2.56%

The current 90-days correlation between CLPS Inc and FiscalNote Holdings is 0.06 (i.e., Significant diversification). The correlation of CLPS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

CLPS Correlation With Market

Average diversification

The correlation between CLPS Inc and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CLPS Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CLPS Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with CLPS Stock

0.67	FI	Fiserv,	Pair Corr
0.68	KD	Kyndryl Holdings	Pair Corr
0.61	VNET	VNET Group DRC Earnings Call This Week	Pair Corr
0.62	GIB	CGI Inc	Pair Corr
0.66	IBM	International Business	Pair Corr
0.64	IBEX	IBEX	Pair Corr
0.65	NOTE	FiscalNote Holdings	Pair Corr

Moving against CLPS Stock

0.49	WYY	Widepoint C	Pair Corr
0.44	PSN	Parsons Corp	Pair Corr
0.42	VYX	NCR Voyix	Pair Corr
0.37	GLE	Global Engine Group Tech Boost	Pair Corr
0.33	VEEA	Veea Inc Symbol Change	Pair Corr
0.32	FIS	Fidelity National	Pair Corr
0.56	TDTH	Trident Digital Tech Tech Boost	Pair Corr
0.46	SAIC	Science Applications	Pair Corr
0.45	TTGT	TechTarget, Common Stock	Pair Corr
0.44	CACI	CACI International	Pair Corr
0.4	LDOS	Leidos Holdings	Pair Corr
0.35	LVROW	Lavoro Limited Warrant	Pair Corr
0.34	BTCM	BIT Mining	Pair Corr

Related Correlations Analysis

	NOTE	GDYN	INOD	ARBB	XALL	SFBTF	SEAV	SLNH	BBAI	CYXT
NOTE		0.6	0.25	-0.29	0.39	0.0	-0.12	-0.15	0.78	0.0	NOTE
GDYN	0.6		-0.14	-0.59	0.44	0.0	0.02	0.36	0.54	0.0	GDYN
INOD	0.25	-0.14		0.02	-0.29	0.0	-0.09	-0.58	0.55	0.0	INOD
ARBB	-0.29	-0.59	0.02		0.01	0.0	-0.24	-0.47	-0.3	0.0	ARBB
XALL	0.39	0.44	-0.29	0.01		0.0	-0.04	0.06	0.15	0.0	XALL
SFBTF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SFBTF
SEAV	-0.12	0.02	-0.09	-0.24	-0.04	0.0		0.27	-0.01	0.0	SEAV
SLNH	-0.15	0.36	-0.58	-0.47	0.06	0.0	0.27		-0.31	0.0	SLNH
BBAI	0.78	0.54	0.55	-0.3	0.15	0.0	-0.01	-0.31		0.0	BBAI
CYXT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CYXT
	NOTE	GDYN	INOD	ARBB	XALL	SFBTF	SEAV	SLNH	BBAI	CYXT

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BBAI	+ 0.78	NOTE
GDYN	+ 0.6	NOTE
BBAI	+ 0.55	INOD
BBAI	+ 0.54	GDYN
XALL	+ 0.44	GDYN
XALL	+ 0.39	NOTE

High negative correlations

ARBB	- 0.59	GDYN
SLNH	- 0.58	INOD
SLNH	- 0.47	ARBB
BBAI	- 0.31	SLNH
BBAI	- 0.3	ARBB
XALL	- 0.29	INOD

Risk-Adjusted Indicators

There is a big difference between CLPS Stock performing well and CLPS Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CLPS's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NOTE	6.66	0.91	0.11	0.26	6.45	(8.01)	15.33	(9.66)	43.16
GDYN	2.35	(0.06)	0.00	(0.18)	0.00	0.00	4.35	(4.57)	16.69
INOD	5.61	0.57	0.06	0.15	7.56	(5.65)	12.20	(13.02)	37.27
ARBB	6.69	1.43	0.13	0.26	6.99	(10.27)	25.97	(11.59)	86.54
XALL	10.97	1.69	0.08	2.33	10.83	(25.78)	25.00	(25.00)	103.57
SFBTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SEAV	13.17	1.72	0.08	(0.19)	13.67	(111.91)	24.24	(20.00)	416.25
SLNH	5.60	(1.28)	0.00	(1.58)	0.00	0.00	10.31	(14.57)	39.03
BBAI	8.62	0.59	0.07	0.77	8.25	(10.69)	21.75	(12.52)	65.28
CYXT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

CLPS Corporate Management

Rhon Galicha	Investor Officer	Profile
Xiao Yang	Chairman Pres	Profile
Rui Yang	Chief Officer	Profile
Wilson Wong	Ex VP	Profile
Srustijeet Mishra	Chief USA	Profile
Ming Lin	CEO CoFounder	Profile
Li Li	Chief Officer	Profile

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