CCLD vs CTNT: Correlation
Measured on weekly returns over the past three years, CareCloud, Inc. (CCLD) and Cheetah Net Supply Chain Service Inc. (CTNT) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCLD and CTNT?
Across a 3-year window, the weekly returns of CCLD and CTNT correlate at 0.55, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.09 versus 0.55 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 31951.0 %².
In CCLD's tracked universe of 15 assets, CTNT sits right near the top at #1. The last year tells two different stories: CCLD led by 71.3 percentage points, -28.3% for CCLD against -99.6% for CTNT. Risk is not evenly split, since CTNT carries 3.7 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.
CCLD vs CTNT: side by side
| CCLD (CareCloud, Inc.) | CTNT (Cheetah Net Supply Chain Service Inc.) | |
|---|---|---|
| 1-year return | -28.3% | -99.6% |
| 5-year return | -67.7% | n/a |
| Volatility (ann.) | 126.0% | 461.2% |
| Beta vs S&P 500 | 2.06 | 2.82 |
| Max drawdown (3Y) | -74.2% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | 38.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCLD | CTNT |
|---|---|---|
| 2022 | -55.5% | – |
| 2023 | -45.9% | – |
| 2024 | +140.8% | -85.3% |
| 2025 | -20.2% | -61.4% |
| 2026 | -8.9% | -99.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCLD and CTNT good diversifiers for each other?
Only partially. A correlation of 0.55 means CCLD and CTNT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CCLD and CTNT?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with -0.09 over the last year and n/a over 5 years.
Is CTNT a good diversifier for CCLD?
Only partially. A correlation of 0.55 means CCLD and CTNT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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/ccld-vs-ctnt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccld-vs-ctnt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCLD correlations · CTNT correlations
