CLPT vs PALI: Correlation
How closely do ClearPoint Neuro Inc. (CLPT) and Palisade Bio, Inc. (PALI) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPT and PALI?
Across a 3-year window, the weekly returns of CLPT and PALI correlate at 0.38, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.38 over 3 years. Stretching to 5 years gives 0.26, with an annualized covariance of 3565.1 %².
Among the 19 assets we track against CLPT, PALI ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PALI ahead by 169.9 points (+49.8% versus +219.7%).
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 PALI: side by side
| CLPT (ClearPoint Neuro Inc.) | PALI (Palisade Bio, Inc.) | |
|---|---|---|
| 1-year return | +49.8% | +219.7% |
| 5-year return | -12.5% | -99.9% |
| Volatility (ann.) | 91.6% | 102.3% |
| Beta vs S&P 500 | 1.76 | 0.30 |
| Max drawdown (3Y) | -70.7% | -97.5% |
| Market cap | $0.5B | $0.4B |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPT | PALI |
|---|---|---|
| 2022 | -24.5% | -92.0% |
| 2023 | -19.8% | -88.7% |
| 2024 | +126.5% | -81.4% |
| 2025 | -11.1% | +42.4% |
| 2026 | +16.5% | -10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPT and PALI good diversifiers for each other?
Reasonably. At 0.38, CLPT and PALI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLPT and PALI?
As of 2026-08-27, the correlation of weekly returns between CLPT and PALI is 0.38 over 3 years, 0.57 over 1 year and 0.26 over 5 years.
Is PALI a good diversifier for CLPT?
Reasonably. At 0.38, CLPT and PALI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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-pali.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clpt-vs-pali/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLPT correlations · PALI correlations
