CAPR vs CETY: Correlation
How closely do Capricor Therapeutics, Inc. (CAPR) and Clean Energy Technologies, Inc. (CETY) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAPR and CETY?
Over the past 3 years, CAPR and CETY moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -5499.1 %².
By 3-year correlation, CETY places #12 of the 17 assets tracked against CAPR. Correlation aside, the last 12 months split them widely, with CAPR ahead by 135.1 points (+61.0% versus -74.1%). Risk is not evenly split, since CAPR carries 2.6 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.
CAPR vs CETY: side by side
| CAPR (Capricor Therapeutics, Inc.) | CETY (Clean Energy Technologies, Inc.) | |
|---|---|---|
| 1-year return | +61.0% | -74.1% |
| 5-year return | +132.9% | n/a |
| Volatility (ann.) | 272.5% | 102.9% |
| Beta vs S&P 500 | 2.07 | 0.53 |
| Max drawdown (3Y) | -89.1% | -98.5% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAPR | CETY |
|---|---|---|
| 2022 | +31.7% | – |
| 2023 | +26.7% | – |
| 2024 | +182.2% | -59.1% |
| 2025 | +109.1% | -92.1% |
| 2026 | -65.1% | +35.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAPR and CETY good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CAPR and CETY?
The CAPR/CETY correlation stands at -0.20 on a 3-year window (1 year: -0.28, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CETY a good diversifier for CAPR?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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/capr-vs-cety.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/capr-vs-cety/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CAPR correlations · CETY correlations
