CLPT vs EQNR: Correlation
ClearPoint Neuro Inc. (CLPT) and Equinor ASA (EQNR) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPT and EQNR?
On 3 years of weekly data the CLPT/EQNR correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -711.9 %².
EQNR is close to the least connected end of CLPT's tracked universe, ranking #17 of 19. Their recent paths diverged sharply: over the last 12 months EQNR outperformed by 27.4 percentage points (+49.8% for CLPT against +77.2% for EQNR). Risk is not evenly split, since CLPT carries 2.8 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.
CLPT vs EQNR: side by side
| CLPT (ClearPoint Neuro Inc.) | EQNR (Equinor ASA) | |
|---|---|---|
| 1-year return | +49.8% | +77.2% |
| 5-year return | -12.5% | +180.6% |
| Volatility (ann.) | 91.6% | 33.2% |
| Beta vs S&P 500 | 1.76 | -0.25 |
| Max drawdown (3Y) | -70.7% | -27.6% |
| Market cap | $0.5B | $98.6B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.00% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPT | EQNR |
|---|---|---|
| 2022 | -24.5% | +42.8% |
| 2023 | -19.8% | -0.8% |
| 2024 | +126.5% | -16.0% |
| 2025 | -11.1% | +6.1% |
| 2026 | +16.5% | +81.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPT and EQNR good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CLPT and EQNR?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.28 over the last year and -0.10 over 5 years.
Is EQNR a good diversifier for CLPT?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/clpt-vs-eqnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clpt-vs-eqnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLPT correlations · EQNR correlations
