AXON vs CLPS: Correlation
Measured on weekly returns over the past three years, Axon Enterprise (AXON) and CLPS Incorporation (CLPS) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXON and CLPS?
On 3 years of weekly data the AXON/CLPS correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.25 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -815.5 %².
Out of 35 assets tracked against AXON, CLPS lands near the bottom at #32. The last year tells two different stories: CLPS led by 23.5 percentage points, -20.6% for AXON against +2.9% for CLPS.
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.
AXON vs CLPS: side by side
| AXON (Axon Enterprise) | CLPS (CLPS Incorporation) | |
|---|---|---|
| 1-year return | -20.6% | +2.9% |
| 5-year return | +216.9% | -61.2% |
| Volatility (ann.) | 57.4% | 56.0% |
| Beta vs S&P 500 | 1.51 | 0.17 |
| Max drawdown (3Y) | -60.3% | -50.4% |
| Market cap | $49.7B | – |
| P/E (trailing) | 250.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AXON | CLPS |
|---|---|---|
| 2022 | +5.7% | -40.3% |
| 2023 | +55.7% | +0.7% |
| 2024 | +130.1% | +22.7% |
| 2025 | -4.4% | -31.4% |
| 2026 | +7.6% | +33.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXON and CLPS good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AXON and CLPS?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.43 over the last year and -0.09 over 5 years.
Is CLPS a good diversifier for AXON?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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/axon-vs-clps.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/axon-vs-clps/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXON correlations · CLPS correlations
