Clear Secure Correlations

YOU Stock  USD 35.82  0.11  0.31%   
The current 90-days correlation between Clear Secure and NCR Atleos is -0.13 (i.e., Good diversification). The correlation of Clear Secure 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.

Clear Secure Correlation With Market

Modest diversification

The correlation between Clear Secure and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clear Secure and DJI in the same portfolio, assuming nothing else is changed.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Clear Secure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Clear Stock please use our How to Invest in Clear Secure guide.

Moving together with Clear Stock

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  0.68TLK Telkom Indonesia TbkPairCorr
  0.68KEP Korea Electric PowerPairCorr
  0.7PTITF PT Indosat TbkPairCorr
  0.76FTV Fortive CorpPairCorr
  0.67ADAMI New York Mortgage Symbol ChangePairCorr
  0.64MCD McDonaldsPairCorr
  0.69CSCO Cisco SystemsPairCorr
  0.66MRK Merck Company Sell-off TrendPairCorr

Moving against Clear Stock

  0.81TTD Trade DeskPairCorr
  0.81UPLD Upland SoftwarePairCorr
  0.75CLSK CleanSpark Aggressive PushPairCorr
  0.73JG Aurora MobilePairCorr
  0.72RXT Rackspace TechnologyPairCorr
  0.71SAP SAP SE ADRPairCorr
  0.63PIFMY Indofood Sukses MakmurPairCorr
  0.49PTAIF PT Astra InternationalPairCorr
  0.64HPQ HP IncPairCorr
  0.63HD Home Depot Sell-off TrendPairCorr
  0.58PG Procter GamblePairCorr
  0.47T ATT IncPairCorr

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

INTABRZE
EEFTRUM
BLKBNATL
ALRMNATL
RUMNATL
EEFTNATL
  

High negative correlations

INTAKC
KCBRZE
EEFTPAGS
KCPAGS
INTAEEFT
PAGSBLKB

Risk-Adjusted Indicators

There is a big difference between Clear Stock performing well and Clear Secure 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 Clear Secure'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NATL  1.30 (0.03) 0.00  0.33  0.00 
 2.73 
 10.56 
BRZE  2.15  0.11  0.06  0.13  2.38 
 4.00 
 23.20 
BLKB  1.55 (0.05) 0.00 (0.04) 0.00 
 2.59 
 11.92 
ALRM  1.16 (0.04) 0.00 (0.07) 0.00 
 2.04 
 9.93 
RUM  3.36 (0.48) 0.00 (0.11) 0.00 
 6.95 
 23.11 
PAGS  2.14 (0.01) 0.01  0.06  2.73 
 4.76 
 11.71 
EEFT  1.28 (0.31) 0.00 (0.32) 0.00 
 2.04 
 11.50 
KC  2.31 (0.60) 0.00 (0.36) 0.00 
 4.77 
 14.17 
NCNO  1.73 (0.10) 0.00 (0.04) 0.00 
 4.54 
 9.60 
INTA  1.87  0.16  0.09  0.18  1.78 
 4.73 
 10.43 

Clear Secure Corporate Management

Kasra MoshkaniExecutive OperationsProfile
Lynn HaalandGeneral OfficerProfile
Dennis LiuChief OfficerProfile
Catesby IIIExecutive GrowthProfile
Matthew LevineChief CounselProfile
Kyle McLaughlinExecutive AviationProfile