CLDI vs SUGP: Correlation
How closely do Calidi Biotherapeutics, Inc. (CLDI) and SU Group Holdings Limited - Class A (SUGP) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLDI and SUGP?
Over the past 3 years, CLDI and SUGP moved with a correlation of 0.47, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.02 versus 0.47 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 12958.6 %².
By 3-year correlation, SUGP places #5 of the 14 assets tracked against CLDI. Their 12-month results are close: -95.1% for CLDI against -97.0% for SUGP.
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 SUGP: side by side
| CLDI (Calidi Biotherapeutics, Inc.) | SUGP (SU Group Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | -95.1% | -97.0% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 182.9% | 143.4% |
| Beta vs S&P 500 | 1.03 | 1.47 |
| Max drawdown (3Y) | -100.0% | -99.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLDI | SUGP |
|---|---|---|
| 2022 | +3.7% | – |
| 2023 | -85.2% | – |
| 2024 | -92.4% | – |
| 2025 | -91.5% | -44.7% |
| 2026 | -93.1% | -97.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLDI and SUGP good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLDI and SUGP?
The CLDI/SUGP correlation stands at 0.47 on a 3-year window (1 year: -0.02, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SUGP a good diversifier for CLDI?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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-sugp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cldi-vs-sugp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLDI correlations · SUGP correlations
