AVX vs CLPT: Correlation
How closely do Avax One Technology Ltd. (AVX) and ClearPoint Neuro Inc. (CLPT) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVX and CLPT?
Over the past 3 years, AVX and CLPT moved with a correlation of 0.36, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.51 versus 0.36 over 3 years. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 3951.6 %².
By 3-year correlation, CLPT places #4 of the 12 assets tracked against AVX. Their recent paths diverged sharply: over the last 12 months CLPT outperformed by 137.9 percentage points (-88.1% for AVX against +49.8% for CLPT).
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.
AVX vs CLPT: side by side
| AVX (Avax One Technology Ltd.) | CLPT (ClearPoint Neuro Inc.) | |
|---|---|---|
| 1-year return | -88.1% | +49.8% |
| 5-year return | -100.0% | -12.5% |
| Volatility (ann.) | 119.5% | 91.6% |
| Beta vs S&P 500 | 1.28 | 1.76 |
| Max drawdown (3Y) | -100.0% | -70.7% |
| Market cap | – | $0.5B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVX | CLPT |
|---|---|---|
| 2022 | -45.7% | -24.5% |
| 2023 | -99.2% | -19.8% |
| 2024 | -95.0% | +126.5% |
| 2025 | -92.9% | -11.1% |
| 2026 | -80.7% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVX and CLPT good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVX and CLPT?
As of 2026-08-27, the correlation of weekly returns between AVX and CLPT is 0.36 over 3 years, 0.51 over 1 year and 0.26 over 5 years.
Is CLPT a good diversifier for AVX?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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/avx-vs-clpt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avx-vs-clpt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVX correlations · CLPT correlations
