CLAR vs EDTK: Correlation
How closely do Clarus Corporation (CLAR) and Skillful Craftsman Education Technology Limited (EDTK) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLAR and EDTK?
Across a 3-year window, the weekly returns of CLAR and EDTK correlate at 0.26, weak. Recent behaviour matches the longer record: 0.20 over 1 year against 0.26 over 3. Stretching to 5 years gives 0.12, with an annualized covariance of 521.2 %².
Out of 11 assets tracked against CLAR, EDTK lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months CLAR outperformed by 23.5 percentage points (+5.3% for CLAR against -18.2% for EDTK).
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.
CLAR vs EDTK: side by side
| CLAR (Clarus Corporation) | EDTK (Skillful Craftsman Education Technology Limited) | |
|---|---|---|
| 1-year return | +5.3% | -18.2% |
| 5-year return | -85.0% | -41.9% |
| Volatility (ann.) | 44.2% | 45.4% |
| Beta vs S&P 500 | 1.03 | -0.09 |
| Max drawdown (3Y) | -64.4% | -35.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.68% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLAR | EDTK |
|---|---|---|
| 2022 | -71.5% | +52.4% |
| 2023 | -10.8% | -12.5% |
| 2024 | -33.4% | -19.8% |
| 2025 | -23.6% | -10.9% |
| 2026 | +15.1% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLAR and EDTK good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLAR and EDTK?
The CLAR/EDTK correlation stands at 0.26 on a 3-year window (1 year: 0.20, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is EDTK a good diversifier for CLAR?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
On the −1 to +1 scale, 0.26 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/clar-vs-edtk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clar-vs-edtk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLAR correlations · EDTK correlations
