CLPS Correlations

CLPS Stock

USD 1.11 0.01 0.91%

The current 90-days correlation between CLPS Inc and FiscalNote Holdings is -0.27 (i.e., Very good 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

Good diversification

The correlation between CLPS Inc and DJI is -0.11 (i.e., Good 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 against CLPS Stock

0.73	EPAM	EPAM Systems	Pair Corr
0.63	III	Information Services	Pair Corr
0.6	DXC	DXC Technology	Pair Corr
0.54	KD	Kyndryl Holdings	Pair Corr
0.45	DTST	Data Storage Corp	Pair Corr
0.34	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.33	CTM	Castellum	Pair Corr
0.7	HCKT	Hackett Group	Pair Corr
0.5	WYY	Widepoint C	Pair Corr
0.48	GDYN	Grid Dynamics Holdings	Pair Corr
0.41	UIS	Unisys	Pair Corr
0.38	WIT	Wipro Limited ADR	Pair Corr
0.34	VYX	NCR Voyix	Pair Corr
0.33	GLOB	Globant SA	Pair Corr

Related Correlations Analysis

	NOTE	GDYN	INOD	ARBB	XALL	SFBTF	SEAV	SLNH	BBAI	CYXT
NOTE		-0.82	-0.84	-0.77	0.79	0.55	0.26	-0.22	-0.65	0.75	NOTE
GDYN	-0.82		0.88	0.79	-0.78	-0.33	-0.23	0.37	0.8	-0.73	GDYN
INOD	-0.84	0.88		0.69	-0.82	-0.62	-0.24	0.28	0.81	-0.57	INOD
ARBB	-0.77	0.79	0.69		-0.65	-0.21	-0.12	0.42	0.47	-0.69	ARBB
XALL	0.79	-0.78	-0.82	-0.65		0.49	0.14	-0.03	-0.7	0.67	XALL
SFBTF	0.55	-0.33	-0.62	-0.21	0.49		0.19	-0.04	-0.48	0.26	SFBTF
SEAV	0.26	-0.23	-0.24	-0.12	0.14	0.19		0.06	-0.21	0.08	SEAV
SLNH	-0.22	0.37	0.28	0.42	-0.03	-0.04	0.06		0.23	-0.39	SLNH
BBAI	-0.65	0.8	0.81	0.47	-0.7	-0.48	-0.21	0.23		-0.57	BBAI
CYXT	0.75	-0.73	-0.57	-0.69	0.67	0.26	0.08	-0.39	-0.57		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

INOD	+ 0.88	GDYN
BBAI	+ 0.81	INOD
BBAI	+ 0.8	GDYN
XALL	+ 0.79	NOTE
ARBB	+ 0.79	GDYN
CYXT	+ 0.75	NOTE

High negative correlations

INOD	- 0.84	NOTE
XALL	- 0.82	INOD
GDYN	- 0.82	NOTE
XALL	- 0.78	GDYN
ARBB	- 0.77	NOTE
CYXT	- 0.73	GDYN

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	2.67	(0.72)	0.00	(0.29)	0.00	0.00	5.00	(6.38)	18.73
GDYN	2.18	0.29	0.14	0.31	2.31	(2.42)	5.35	(4.27)	14.75
INOD	5.00	1.24	0.31	0.49	3.98	(5.98)	9.36	(7.63)	90.24
ARBB	8.14	1.41	0.17	0.63	7.27	(12.52)	12.00	(14.29)	124.90
XALL	6.10	(0.02)	0.00	0.13	0.00	0.00	20.00	(16.67)	48.57
SFBTF	3.56	2.73	0.00	15.94	0.00	0.00	17.14	(2.23)	19.36
SEAV	30.46	8.40	0.22	0.78	19.08	(152.11)	110.00	(58.00)	480.00
SLNH	5.84	(0.62)	0.00	(0.02)	0.00	0.00	16.67	(10.00)	30.22
BBAI	4.28	0.52	0.12	0.44	4.37	(5.30)	11.36	(7.85)	28.29
CYXT	11.67	(1.21)	0.00	(0.53)	0.00	0.00	35.29	(25.78)	105.50

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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