CLPT vs SLNH: Correlation
How closely do ClearPoint Neuro Inc. (CLPT) and Soluna Holdings, Inc. (SLNH) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPT and SLNH?
Over the past 3 years, CLPT and SLNH moved with a correlation of 0.42, which is moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.42). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 6848.0 %².
Within CLPT's tracked universe of 19 assets, SLNH comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SLNH outperformed by 98.1 percentage points (+49.8% for CLPT against +147.9% for SLNH). Note the risk asymmetry: SLNH 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 SLNH: side by side
| CLPT (ClearPoint Neuro Inc.) | SLNH (Soluna Holdings, Inc.) | |
|---|---|---|
| 1-year return | +49.8% | +147.9% |
| 5-year return | -12.5% | -99.5% |
| Volatility (ann.) | 91.6% | 179.3% |
| Beta vs S&P 500 | 1.76 | 3.25 |
| Max drawdown (3Y) | -70.7% | -94.8% |
| Market cap | $0.5B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLPT | SLNH |
|---|---|---|
| 2022 | -24.5% | -97.6% |
| 2023 | -19.8% | -38.5% |
| 2024 | +126.5% | -47.5% |
| 2025 | -11.1% | -44.3% |
| 2026 | +16.5% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPT and SLNH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLPT and SLNH?
As of 2026-08-27, the correlation of weekly returns between CLPT and SLNH is 0.42 over 3 years, 0.63 over 1 year and 0.38 over 5 years.
Is SLNH a good diversifier for CLPT?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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.
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Related comparisons
Hubs: CLPT correlations · SLNH correlations
