CCLD vs OPXS: Correlation
CareCloud, Inc. (CCLD) and Optex Systems Holdings, Inc. (OPXS) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCLD and OPXS?
On 3 years of weekly data the CCLD/OPXS correlation comes out at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.34 over 3 years. The 5-year figure is 0.27, and annualized covariance runs at 2575.8 %².
Within CCLD's tracked universe of 15 assets, OPXS comes in at #10 by 3-year correlation. The last year tells two different stories: OPXS led by 24.0 percentage points, -28.3% for CCLD against -4.3% for OPXS. Risk is not evenly split, since CCLD carries 2.1 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 OPXS: side by side
| CCLD (CareCloud, Inc.) | OPXS (Optex Systems Holdings, Inc.) | |
|---|---|---|
| 1-year return | -28.3% | -4.3% |
| 5-year return | -67.7% | +540.0% |
| Volatility (ann.) | 126.0% | 59.8% |
| Beta vs S&P 500 | 2.06 | 0.67 |
| Max drawdown (3Y) | -74.2% | -45.7% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 38.0 | 19.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCLD | OPXS |
|---|---|---|
| 2022 | -55.5% | +57.8% |
| 2023 | -45.9% | +122.2% |
| 2024 | +140.8% | +4.7% |
| 2025 | -20.2% | +106.7% |
| 2026 | -8.9% | -27.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCLD and OPXS good diversifiers for each other?
Reasonably. At 0.34, CCLD and OPXS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CCLD and OPXS?
As of 2026-08-27, the correlation of weekly returns between CCLD and OPXS is 0.34 over 3 years, 0.13 over 1 year and 0.27 over 5 years.
Is OPXS a good diversifier for CCLD?
Reasonably. At 0.34, CCLD and OPXS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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-opxs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccld-vs-opxs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCLD correlations · OPXS correlations
