CCLD vs IFRX: Correlation
Measured on weekly returns over the past three years, CareCloud, Inc. (CCLD) and InflaRx N.V. (IFRX) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCLD and IFRX?
On 3 years of weekly data the CCLD/IFRX correlation comes out at 0.37, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.01 versus 0.37 over 3 years. The 5-year figure is 0.20, and annualized covariance runs at 4814.6 %².
By 3-year correlation, IFRX places #8 of the 15 assets tracked against CCLD. The last year tells two different stories: IFRX led by 155.3 percentage points, -28.3% for CCLD against +127.0% for IFRX.
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 IFRX: side by side
| CCLD (CareCloud, Inc.) | IFRX (InflaRx N.V.) | |
|---|---|---|
| 1-year return | -28.3% | +127.0% |
| 5-year return | -67.7% | -9.2% |
| Volatility (ann.) | 126.0% | 102.6% |
| Beta vs S&P 500 | 2.06 | 1.54 |
| Max drawdown (3Y) | -74.2% | -82.4% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | 38.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCLD | IFRX |
|---|---|---|
| 2022 | -55.5% | -34.9% |
| 2023 | -45.9% | -47.4% |
| 2024 | +140.8% | +51.5% |
| 2025 | -20.2% | -59.1% |
| 2026 | -8.9% | +124.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCLD and IFRX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCLD and IFRX?
The CCLD/IFRX correlation stands at 0.37 on a 3-year window (1 year: 0.01, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is IFRX a good diversifier for CCLD?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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.
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Related comparisons
Hubs: CCLD correlations · IFRX correlations
