CLDI vs FTFT: Correlation
Measured on weekly returns over the past three years, Calidi Biotherapeutics, Inc. (CLDI) and Future FinTech Group Inc. (FTFT) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLDI and FTFT?
Across a 3-year window, the weekly returns of CLDI and FTFT correlate at 0.54, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.54). Stretching to 5 years gives 0.49, with an annualized covariance of 15363.0 %².
Within CLDI's tracked universe of 14 assets, FTFT comes in at #4 by 3-year correlation. Twelve-month performance is nearly a tie, at -95.1% for CLDI and -98.4% for FTFT.
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 FTFT: side by side
| CLDI (Calidi Biotherapeutics, Inc.) | FTFT (Future FinTech Group Inc.) | |
|---|---|---|
| 1-year return | -95.1% | -98.4% |
| 5-year return | -100.0% | -100.0% |
| Volatility (ann.) | 182.9% | 154.7% |
| Beta vs S&P 500 | 1.03 | 0.87 |
| Max drawdown (3Y) | -100.0% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLDI | FTFT |
|---|---|---|
| 2022 | +3.7% | -72.2% |
| 2023 | -85.2% | -1.1% |
| 2024 | -92.4% | -83.1% |
| 2025 | -91.5% | -75.2% |
| 2026 | -93.1% | -95.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDI and FTFT good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CLDI and FTFT?
As of 2026-08-27, the correlation of weekly returns between CLDI and FTFT is 0.54 over 3 years, 0.23 over 1 year and 0.49 over 5 years.
Is FTFT a good diversifier for CLDI?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cldi-vs-ftft.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cldi-vs-ftft/)
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Related comparisons
Hubs: CLDI correlations · FTFT correlations
