CLPT vs NUAI: Correlation
How closely do ClearPoint Neuro Inc. (CLPT) and New Era Energy & Digital, Inc. (NUAI) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPT and NUAI?
Across a 3-year window, the weekly returns of CLPT and NUAI correlate at 0.50, moderate. The link has tightened recently: the 1-year correlation (0.67) runs above the 3-year figure (0.50). Stretching to 5 years gives 0.44, with an annualized covariance of 8196.7 %².
NUAI is one of the assets that tracks CLPT most closely: it ranks #3 out of the 19 assets we track against CLPT. Correlation aside, the last 12 months split them widely, with NUAI ahead by 876.2 points (+49.8% versus +926.0%). Note the risk asymmetry: NUAI runs 2.0 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.
CLPT vs NUAI: side by side
| CLPT (ClearPoint Neuro Inc.) | NUAI (New Era Energy & Digital, Inc.) | |
|---|---|---|
| 1-year return | +49.8% | +926.0% |
| 5-year return | -12.5% | -47.8% |
| Volatility (ann.) | 91.6% | 179.9% |
| Beta vs S&P 500 | 1.76 | 1.47 |
| Max drawdown (3Y) | -70.7% | -97.2% |
| Market cap | $0.5B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPT | NUAI |
|---|---|---|
| 2022 | -24.5% | – |
| 2023 | -19.8% | +5.1% |
| 2024 | +126.5% | -43.6% |
| 2025 | -11.1% | -51.2% |
| 2026 | +16.5% | +75.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPT and NUAI good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CLPT and NUAI?
The CLPT/NUAI correlation stands at 0.50 on a 3-year window (1 year: 0.67, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is NUAI a good diversifier for CLPT?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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
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[](https://www.pairbook.io/pair/clpt-vs-nuai/)
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Related comparisons
Hubs: CLPT correlations · NUAI correlations
