CCLD vs LQDA: Correlation
How closely do CareCloud, Inc. (CCLD) and Liquidia Corporation (LQDA) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCLD and LQDA?
On 3 years of weekly data the CCLD/LQDA correlation comes out at 0.35, moderate. The past 12 months show a weaker link (-0.10) than the 3-year average (0.35). The 5-year figure is 0.29, and annualized covariance runs at 3172.5 %².
Among the 15 assets we track against CCLD, LQDA ranks #9 by 3-year correlation. The last year tells two different stories: LQDA led by 178.1 percentage points, -28.3% for CCLD against +149.8% for LQDA. Risk is not evenly split, since CCLD carries 1.7 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 LQDA: side by side
| CCLD (CareCloud, Inc.) | LQDA (Liquidia Corporation) | |
|---|---|---|
| 1-year return | -28.3% | +149.8% |
| 5-year return | -67.7% | +2500.0% |
| Volatility (ann.) | 126.0% | 72.2% |
| Beta vs S&P 500 | 2.06 | 1.47 |
| Max drawdown (3Y) | -74.2% | -46.8% |
| Market cap | $0.1B | $6.3B |
| P/E (trailing) | 38.0 | 51.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCLD | LQDA |
|---|---|---|
| 2022 | -55.5% | +30.8% |
| 2023 | -45.9% | +88.9% |
| 2024 | +140.8% | -2.2% |
| 2025 | -20.2% | +193.3% |
| 2026 | -8.9% | +102.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCLD and LQDA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCLD and LQDA?
The CCLD/LQDA correlation stands at 0.35 on a 3-year window (1 year: -0.10, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is LQDA a good diversifier for CCLD?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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-lqda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccld-vs-lqda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCLD correlations · LQDA correlations
