CCLD vs LICN: Correlation
How closely do CareCloud, Inc. (CCLD) and Lichen International Limited - Class A (LICN) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCLD and LICN?
Over the past 3 years, CCLD and LICN moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.08) runs above the 3-year figure (-0.24). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -253614.6 %².
Among the 15 assets we track against CCLD, LICN sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months CCLD outperformed by 46.4 percentage points (-28.3% for CCLD against -74.7% for LICN). One caveat on sizing: LICN is 67.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 LICN: side by side
| CCLD (CareCloud, Inc.) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | -28.3% | -74.7% |
| 5-year return | -67.7% | n/a |
| Volatility (ann.) | 126.0% | 8528.0% |
| Beta vs S&P 500 | 2.06 | -80.22 |
| Max drawdown (3Y) | -74.2% | -98.4% |
| 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 | LICN |
|---|---|---|
| 2022 | -55.5% | – |
| 2023 | -45.9% | – |
| 2024 | +140.8% | -91.0% |
| 2025 | -20.2% | +1484.3% |
| 2026 | -8.9% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCLD and LICN good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between CCLD and LICN?
As of 2026-08-27, the correlation of weekly returns between CCLD and LICN is -0.24 over 3 years, 0.08 over 1 year and n/a over 5 years.
Is LICN a good diversifier for CCLD?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccld-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccld-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCLD correlations · LICN correlations
