AGCO vs CLPS: Correlation
Measured on weekly returns over the past three years, AGCO Corporation (AGCO) and CLPS Incorporation (CLPS) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGCO and CLPS?
Over the past 3 years, AGCO and CLPS moved with a correlation of 0.27, which is weak. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 498.3 %².
CLPS is close to the least connected end of AGCO's tracked universe, ranking #11 of 15. Their 12-month results are close: -1.6% for AGCO against +2.9% for CLPS. One caveat on sizing: CLPS is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AGCO vs CLPS: side by side
| AGCO (AGCO Corporation) | CLPS (CLPS Incorporation) | |
|---|---|---|
| 1-year return | -1.6% | +2.9% |
| 5-year return | -7.9% | -61.2% |
| Volatility (ann.) | 32.5% | 56.0% |
| Beta vs S&P 500 | 0.80 | 0.17 |
| Max drawdown (3Y) | -40.5% | -50.4% |
| Market cap | $7.8B | – |
| P/E (trailing) | 15.4 | – |
| Dividend yield | 1.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGCO | CLPS |
|---|---|---|
| 2022 | +25.0% | -40.3% |
| 2023 | -7.9% | +0.7% |
| 2024 | -20.3% | +22.7% |
| 2025 | +12.9% | -31.4% |
| 2026 | +7.1% | +33.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGCO and CLPS good diversifiers for each other?
Reasonably. At 0.27, AGCO and CLPS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AGCO and CLPS?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.29 over the last year and 0.25 over 5 years.
Is CLPS a good diversifier for AGCO?
Reasonably. At 0.27, AGCO and CLPS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agco-vs-clps.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/agco-vs-clps/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGCO correlations · CLPS correlations
