Clarus Corp Correlations
| CLAR Stock | USD 3.41 0.05 1.49% |
The current 90-days correlation between Clarus Corp and Plby Group is 0.02 (i.e., Significant diversification). The correlation of Clarus Corp 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.
Clarus Corp Correlation With Market
Modest diversification
The correlation between Clarus Corp and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clarus Corp and DJI in the same portfolio, assuming nothing else is changed.
Moving against Clarus Stock
| 0.45 | PLUG | Plug Power Aggressive Push | PairCorr |
| 0.39 | 603579 | Shanghai Rongtai Health | PairCorr |
| 0.39 | NIO | Nio Class A Downward Rally | PairCorr |
| 0.37 | 002605 | Shanghai Yaoji Playing | PairCorr |
| 0.39 | RKLB | Rocket Lab USA Aggressive Push | PairCorr |
| 0.33 | RXRX | Recursion Pharmaceuticals | PairCorr |
| 0.31 | AUR | Aurora Innovation | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Clarus Stock performing well and Clarus Corp 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 Clarus Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PLBY | 3.49 | 0.48 | 0.08 | (0.77) | 4.11 | 6.43 | 33.37 | |||
| GDHG | 4.00 | (1.86) | 0.00 | (10.16) | 0.00 | 6.69 | 34.10 | |||
| VRM | 3.96 | (0.44) | 0.00 | (0.12) | 0.00 | 10.29 | 22.81 | |||
| AKA | 4.26 | 0.28 | 0.07 | 0.20 | 4.82 | 9.27 | 52.11 | |||
| CJET | 6.78 | (4.96) | 0.00 | 4.10 | 0.00 | 9.68 | 67.78 | |||
| COOK | 4.52 | (0.13) | 0.00 | (0.02) | 0.00 | 10.99 | 35.89 | |||
| CAAS | 1.47 | (0.14) | 0.00 | (0.18) | 0.00 | 3.02 | 11.14 | |||
| FFAI | 4.30 | (0.29) | 0.00 | (0.03) | 0.00 | 9.22 | 18.48 | |||
| FNKO | 3.20 | (0.09) | 0.02 | 0.04 | 3.52 | 8.61 | 19.90 | |||
| NOMA | 7.17 | (2.10) | 0.00 | 3.40 | 0.00 | 14.27 | 41.91 |
Clarus Corp Corporate Management
| Michael Yates | Chief Officer | Profile | |
| Daniel Bruntsch | Head Sales | Profile | |
| David Cook | Global OEM | Profile | |
| John MBA | President | Profile |