CLPR vs LIQT: Correlation
Measured on weekly returns over the past three years, Clipper Realty Inc. (CLPR) and LiqTech International, Inc. (LIQT) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPR and LIQT?
Across a 3-year window, the weekly returns of CLPR and LIQT correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.21 over 3 years. Stretching to 5 years gives -0.08, with an annualized covariance of -663.0 %².
LIQT is close to the least connected end of CLPR's tracked universe, ranking #9 of 12. Correlation aside, the last 12 months split them widely, with CLPR ahead by 56.5 points (-14.6% versus -71.1%). Risk is not evenly split, since LIQT carries 1.5 times the volatility of the other side.
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.
CLPR vs LIQT: side by side
| CLPR (Clipper Realty Inc.) | LIQT (LiqTech International, Inc.) | |
|---|---|---|
| 1-year return | -14.6% | -71.1% |
| 5-year return | -40.2% | -98.6% |
| Volatility (ann.) | 45.5% | 68.6% |
| Beta vs S&P 500 | 0.61 | 0.75 |
| Max drawdown (3Y) | -52.3% | -87.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 11.31% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPR | LIQT |
|---|---|---|
| 2022 | -32.7% | -93.4% |
| 2023 | -9.5% | +12.2% |
| 2024 | -7.9% | -46.0% |
| 2025 | -8.0% | -20.7% |
| 2026 | -3.0% | -61.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPR and LIQT good diversifiers for each other?
Yes. With a correlation of -0.21, CLPR and LIQT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CLPR and LIQT?
As of 2026-08-27, the correlation of weekly returns between CLPR and LIQT is -0.21 over 3 years, -0.42 over 1 year and -0.08 over 5 years.
Is LIQT a good diversifier for CLPR?
Yes. With a correlation of -0.21, CLPR and LIQT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/clpr-vs-liqt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clpr-vs-liqt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLPR correlations · LIQT correlations
