AHCO vs CLRO: Correlation
Measured on weekly returns over the past three years, AdaptHealth Corp. (AHCO) and ClearOne, Inc. (CLRO) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHCO and CLRO?
Over the past 3 years, AHCO and CLRO moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.55) than the 3-year average (-0.24). Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -2468.4 %².
By 3-year correlation, CLRO places #12 of the 21 assets tracked against AHCO. The last year tells two different stories: CLRO led by 88.1 percentage points, -37.0% for AHCO against +51.1% for CLRO. Risk is not evenly split, since CLRO carries 2.7 times the volatility of the other side.
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.
AHCO vs CLRO: side by side
| AHCO (AdaptHealth Corp.) | CLRO (ClearOne, Inc.) | |
|---|---|---|
| 1-year return | -37.0% | +51.1% |
| 5-year return | -75.6% | -59.8% |
| Volatility (ann.) | 62.0% | 165.8% |
| Beta vs S&P 500 | 0.40 | 2.00 |
| Max drawdown (3Y) | -61.0% | -87.2% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHCO | CLRO |
|---|---|---|
| 2022 | -21.4% | +17.8% |
| 2023 | -62.1% | +26.6% |
| 2024 | +30.6% | +5.4% |
| 2025 | +4.6% | -56.5% |
| 2026 | -41.8% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHCO and CLRO good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AHCO and CLRO?
As of 2026-08-27, the correlation of weekly returns between AHCO and CLRO is -0.24 over 3 years, -0.55 over 1 year and -0.18 over 5 years.
Is CLRO a good diversifier for AHCO?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ahco-vs-clro.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ahco-vs-clro/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AHCO correlations · CLRO correlations
