CE vs CLPS: Correlation
Measured on weekly returns over the past three years, Celanese Corporation (CE) and CLPS Incorporation (CLPS) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CE and CLPS?
Over the past 3 years, CE and CLPS moved with a correlation of 0.30, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.30 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 822.0 %².
By 3-year correlation, CLPS places #9 of the 14 assets tracked against CE. The trailing year gives CLPS the advantage: -4.6% versus +2.9%, a 7.5-point spread.
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.
CE vs CLPS: side by side
| CE (Celanese Corporation) | CLPS (CLPS Incorporation) | |
|---|---|---|
| 1-year return | -4.6% | +2.9% |
| 5-year return | -69.7% | -61.2% |
| Volatility (ann.) | 49.7% | 56.0% |
| Beta vs S&P 500 | 0.79 | 0.17 |
| Max drawdown (3Y) | -79.0% | -50.4% |
| Market cap | $4.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CE | CLPS |
|---|---|---|
| 2022 | -37.8% | -40.3% |
| 2023 | +55.7% | +0.7% |
| 2024 | -54.6% | +22.7% |
| 2025 | -38.8% | -31.4% |
| 2026 | +6.3% | +33.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CE and CLPS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CE and CLPS?
As of 2026-08-27, the correlation of weekly returns between CE and CLPS is 0.30 over 3 years, 0.13 over 1 year and 0.28 over 5 years.
Is CLPS a good diversifier for CE?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 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/ce-vs-clps.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ce-vs-clps/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CE correlations · CLPS correlations
