CCLD vs SCYX: Correlation
CareCloud, Inc. (CCLD) and SCYNEXIS, Inc. (SCYX) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCLD and SCYX?
Across a 3-year window, the weekly returns of CCLD and SCYX correlate at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.38). Stretching to 5 years gives 0.28, with an annualized covariance of 3789.8 %².
Within CCLD's tracked universe of 15 assets, SCYX comes in at #7 by 3-year correlation. Over the last 12 months SCYX came out ahead by 10.9 percentage points (-28.3% against -17.4%). Note the risk asymmetry: CCLD runs 1.6 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 SCYX: side by side
| CCLD (CareCloud, Inc.) | SCYX (SCYNEXIS, Inc.) | |
|---|---|---|
| 1-year return | -28.3% | -17.4% |
| 5-year return | -67.7% | -89.1% |
| Volatility (ann.) | 126.0% | 79.8% |
| Beta vs S&P 500 | 2.06 | 1.52 |
| Max drawdown (3Y) | -74.2% | -87.8% |
| Market cap | $0.1B | $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 | SCYX |
|---|---|---|
| 2022 | -55.5% | -74.4% |
| 2023 | -45.9% | +42.9% |
| 2024 | +140.8% | -45.7% |
| 2025 | -20.2% | -47.8% |
| 2026 | -8.9% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCLD and SCYX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCLD and SCYX?
The CCLD/SCYX correlation stands at 0.38 on a 3-year window (1 year: 0.26, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is SCYX a good diversifier for CCLD?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccld-vs-scyx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccld-vs-scyx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCLD correlations · SCYX correlations
