CLPS vs CRWS: Correlation
Measured on weekly returns over the past three years, CLPS Incorporation (CLPS) and Crown Crafts, Inc. (CRWS) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPS and CRWS?
On 3 years of weekly data the CLPS/CRWS correlation comes out at 0.27, weak. The past 12 months show a weaker link (0.10) than the 3-year average (0.27). The 5-year figure is 0.23, and annualized covariance runs at 368.9 %².
Within CLPS's tracked universe of 10 assets, CRWS comes in at #5 by 3-year correlation. Neither side won the trailing year by much: +2.9% against +5.3%. Risk is not evenly split, since CLPS carries 2.3 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.
CLPS vs CRWS: side by side
| CLPS (CLPS Incorporation) | CRWS (Crown Crafts, Inc.) | |
|---|---|---|
| 1-year return | +2.9% | +5.3% |
| 5-year return | -61.2% | -41.3% |
| Volatility (ann.) | 56.0% | 24.2% |
| Beta vs S&P 500 | 0.17 | 0.48 |
| Max drawdown (3Y) | -50.4% | -48.8% |
| Market cap | – | – |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 0.00% | 10.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPS | CRWS |
|---|---|---|
| 2022 | -40.3% | -22.7% |
| 2023 | +0.7% | -1.2% |
| 2024 | +22.7% | -3.4% |
| 2025 | -31.4% | -31.7% |
| 2026 | +33.3% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPS and CRWS good diversifiers for each other?
Reasonably. At 0.27, CLPS and CRWS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLPS and CRWS?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.10 over the last year and 0.23 over 5 years.
Is CRWS a good diversifier for CLPS?
Reasonably. At 0.27, CLPS and CRWS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 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/clps-vs-crws.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clps-vs-crws/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLPS correlations · CRWS correlations
