CCLD vs DUO: Correlation
How closely do CareCloud, Inc. (CCLD) and Fangdd Network Group Ltd. - Class A (DUO) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCLD and DUO?
Across a 3-year window, the weekly returns of CCLD and DUO correlate at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.01 versus 0.48 over 3 years. Stretching to 5 years gives 0.42, with an annualized covariance of 17027.7 %².
Few assets follow CCLD as closely as DUO, which ranks #2 of 15 tracked partners. Correlation aside, the last 12 months split them widely, with CCLD ahead by 25.5 points (-28.3% versus -53.8%). Risk is not evenly split, since DUO carries 2.2 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 DUO: side by side
| CCLD (CareCloud, Inc.) | DUO (Fangdd Network Group Ltd. - Class A) | |
|---|---|---|
| 1-year return | -28.3% | -53.8% |
| 5-year return | -67.7% | -100.0% |
| Volatility (ann.) | 126.0% | 278.7% |
| Beta vs S&P 500 | 2.06 | 1.68 |
| Max drawdown (3Y) | -74.2% | -99.2% |
| 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 | DUO |
|---|---|---|
| 2022 | -55.5% | -89.0% |
| 2023 | -45.9% | -94.2% |
| 2024 | +140.8% | -11.1% |
| 2025 | -20.2% | -84.7% |
| 2026 | -8.9% | -52.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCLD and DUO good diversifiers for each other?
Reasonably. At 0.48, CCLD and DUO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CCLD and DUO?
The CCLD/DUO correlation stands at 0.48 on a 3-year window (1 year: -0.01, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is DUO a good diversifier for CCLD?
Reasonably. At 0.48, CCLD and DUO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccld-vs-duo.json
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Related comparisons
Hubs: CCLD correlations · DUO correlations
