CCLD vs NATL: Correlation
How closely do CareCloud, Inc. (CCLD) and NCR Atleos Corporation (NATL) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCLD and NATL?
Over the past 3 years, CCLD and NATL moved with a correlation of 0.44, which is moderate. The link has loosened recently: the 1-year correlation (-0.00) runs below the 3-year figure (0.44). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 2030.3 %².
Among the 15 assets we track against CCLD, NATL ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NATL ahead by 42.5 points (-28.3% versus +14.2%). Note the risk asymmetry: CCLD runs 3.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 NATL: side by side
| CCLD (CareCloud, Inc.) | NATL (NCR Atleos Corporation) | |
|---|---|---|
| 1-year return | -28.3% | +14.2% |
| 5-year return | -67.7% | n/a |
| Volatility (ann.) | 126.0% | 36.3% |
| Beta vs S&P 500 | 2.06 | 0.75 |
| Max drawdown (3Y) | -74.2% | -34.7% |
| Market cap | $0.1B | $3.4B |
| P/E (trailing) | 38.0 | 17.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCLD | NATL |
|---|---|---|
| 2022 | -55.5% | – |
| 2023 | -45.9% | – |
| 2024 | +140.8% | +39.6% |
| 2025 | -20.2% | +12.4% |
| 2026 | -8.9% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCLD and NATL good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCLD and NATL?
The CCLD/NATL correlation stands at 0.44 on a 3-year window (1 year: -0.00, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NATL a good diversifier for CCLD?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CCLD correlations · NATL correlations
