CLDI vs DPU: Correlation
How closely do Calidi Biotherapeutics, Inc. (CLDI) and Top KingWin Ltd - Class A (DPU) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLDI and DPU?
On 3 years of weekly data the CLDI/DPU correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.15 versus -0.23 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -5673.2 %².
DPU is close to the least connected end of CLDI's tracked universe, ranking #12 of 14. Correlation aside, the last 12 months split them widely, with DPU ahead by 58.5 points (-95.1% versus -36.6%).
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.
CLDI vs DPU: side by side
| CLDI (Calidi Biotherapeutics, Inc.) | DPU (Top KingWin Ltd - Class A) | |
|---|---|---|
| 1-year return | -95.1% | -36.6% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 182.9% | 134.1% |
| Beta vs S&P 500 | 1.03 | 1.75 |
| Max drawdown (3Y) | -100.0% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLDI | DPU |
|---|---|---|
| 2022 | +3.7% | – |
| 2023 | -85.2% | – |
| 2024 | -92.4% | -80.6% |
| 2025 | -91.5% | -99.0% |
| 2026 | -93.1% | +4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDI and DPU good diversifiers for each other?
Yes. With a correlation of -0.23, CLDI and DPU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CLDI and DPU?
As of 2026-08-27, the correlation of weekly returns between CLDI and DPU is -0.23 over 3 years, 0.15 over 1 year and n/a over 5 years.
Is DPU a good diversifier for CLDI?
Yes. With a correlation of -0.23, CLDI and DPU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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/cldi-vs-dpu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cldi-vs-dpu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLDI correlations · DPU correlations
