CLPS Correlations

CLPS Stock

USD 0.94 0.07 6.93%

The current 90-days correlation between CLPS Inc and Veea Inc is -0.01 (i.e., 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 -0.03 (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.

Build AI portfolio with CLPS Stock

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 main economic indicators.

Moving against CLPS Stock

0.58	IBM	International Business	Pair Corr
0.55	EPAM	EPAM Systems	Pair Corr
0.45	INFY	Infosys Ltd ADR	Pair Corr
0.41	ACN	Accenture plc	Pair Corr
0.33	300605	HengFeng Information	Pair Corr
0.31	DXC	DXC Technology	Pair Corr
0.58	000555	Digital China Information	Pair Corr
0.57	300300	Strait Innovation	Pair Corr
0.52	CTSH	Cognizant Technology	Pair Corr
0.51	FORTY	Formula Systems 1985	Pair Corr
0.62	TMSNY	Temenos Group AG	Pair Corr
0.54	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.52	PLTK	Playtika Holding Corp	Pair Corr
0.44	DB	Deutsche Bank AG	Pair Corr
0.41	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.41	LUMN	Lumen Technologies Buyout Trend	Pair Corr

Related Correlations Analysis

	VEEA	NTCL	FOXX	UTSI	NXPL	AIFF	CNTM	RPGL	SAGT	RMSG
VEEA		0.17	0.05	-0.18	0.5	0.57	-0.1	0.25	-0.55	0.29	VEEA
NTCL	0.17		-0.1	0.26	0.69	0.83	-0.75	0.32	0.02	0.69	NTCL
FOXX	0.05	-0.1		-0.1	-0.05	0.08	0.37	-0.17	0.27	-0.02	FOXX
UTSI	-0.18	0.26	-0.1		0.19	0.09	-0.51	0.0	0.14	0.05	UTSI
NXPL	0.5	0.69	-0.05	0.19		0.74	-0.53	0.46	-0.22	0.6	NXPL
AIFF	0.57	0.83	0.08	0.09	0.74		-0.5	0.31	-0.17	0.6	AIFF
CNTM	-0.1	-0.75	0.37	-0.51	-0.53	-0.5		-0.41	0.16	-0.51	CNTM
RPGL	0.25	0.32	-0.17	0.0	0.46	0.31	-0.41		-0.2	0.27	RPGL
SAGT	-0.55	0.02	0.27	0.14	-0.22	-0.17	0.16	-0.2		-0.13	SAGT
RMSG	0.29	0.69	-0.02	0.05	0.6	0.6	-0.51	0.27	-0.13		RMSG
	VEEA	NTCL	FOXX	UTSI	NXPL	AIFF	CNTM	RPGL	SAGT	RMSG

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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

AIFF	+ 0.83	NTCL
AIFF	+ 0.74	NXPL
NXPL	+ 0.69	NTCL
RMSG	+ 0.69	NTCL
RMSG	+ 0.6	NXPL
RMSG	+ 0.6	AIFF

High negative correlations

CNTM	- 0.75	NTCL
SAGT	- 0.55	VEEA
CNTM	- 0.53	NXPL
RMSG	- 0.51	CNTM
CNTM	- 0.51	UTSI
CNTM	- 0.5	AIFF

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
VEEA	6.47	0.25	0.02	1.20	7.45	(7.39)	14.63	(10.96)	34.60
NTCL	5.70	(1.16)	0.00	(0.89)	0.00	0.00	6.31	(16.05)	62.86
FOXX	8.96	0.57	0.07	0.27	9.12	(12.60)	23.93	(18.10)	101.37
UTSI	2.06	(0.05)	0.00	0.44	0.00	0.00	4.18	(4.56)	18.22
NXPL	4.09	(0.61)	0.00	(0.17)	0.00	0.00	9.43	(10.23)	28.43
AIFF	4.18	(1.65)	0.00	(0.40)	0.00	0.00	5.99	(10.17)	23.28
CNTM	8.25	1.32	0.13	0.87	7.95	(11.54)	22.73	(14.29)	54.57
RPGL	14.52	(1.14)	0.00	(0.18)	0.00	0.00	21.50	(42.95)	176.24
SAGT	3.69	(0.08)	(0.01)	0.01	4.30	(4.22)	5.58	(7.50)	29.68
RMSG	5.19	(0.52)	0.00	1.06	0.00	0.00	10.13	(10.26)	65.55

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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