CLFD vs TKR: Correlation
Measured on weekly returns over the past three years, Clearfield, Inc. (CLFD) and Timken Company (The) (TKR) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLFD and TKR?
Over the past 3 years, CLFD and TKR moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 666.3 %².
By 3-year correlation, TKR places #4 of the 12 assets tracked against CLFD. Correlation aside, the last 12 months split them widely, with TKR ahead by 68.3 points (-8.5% versus +59.8%). Note the risk asymmetry: CLFD runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CLFD vs TKR: side by side
| CLFD (Clearfield, Inc.) | TKR (Timken Company (The)) | |
|---|---|---|
| 1-year return | -8.5% | +59.8% |
| 5-year return | -35.2% | +80.3% |
| Volatility (ann.) | 49.0% | 27.4% |
| Beta vs S&P 500 | 1.34 | 0.98 |
| Max drawdown (3Y) | -48.0% | -37.6% |
| Market cap | $0.4B | $8.6B |
| P/E (trailing) | 103.3 | 33.7 |
| Dividend yield | 0.00% | 1.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLFD | TKR |
|---|---|---|
| 2022 | +11.5% | +3.9% |
| 2023 | -69.1% | +15.4% |
| 2024 | +6.6% | -9.5% |
| 2025 | -6.0% | +20.0% |
| 2026 | +2.8% | +49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLFD and TKR good diversifiers for each other?
Only partially. A correlation of 0.50 means CLFD and TKR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CLFD and TKR?
The CLFD/TKR correlation stands at 0.50 on a 3-year window (1 year: 0.43, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is TKR a good diversifier for CLFD?
Only partially. A correlation of 0.50 means CLFD and TKR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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/clfd-vs-tkr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clfd-vs-tkr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLFD correlations · TKR correlations
