CLRO vs GSM: Correlation
ClearOne, Inc. (CLRO) and Ferroglobe PLC (GSM) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLRO and GSM?
On 3 years of weekly data the CLRO/GSM correlation comes out at 0.44, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.44). The 5-year figure is 0.29, and annualized covariance runs at 3817.9 %².
Few assets follow CLRO as closely as GSM, which ranks #2 of 13 tracked partners. The last year tells two different stories: CLRO led by 54.4 percentage points, +51.1% for CLRO against -3.3% for GSM. Risk is not evenly split, since CLRO carries 3.2 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.
CLRO vs GSM: side by side
| CLRO (ClearOne, Inc.) | GSM (Ferroglobe PLC) | |
|---|---|---|
| 1-year return | +51.1% | -3.3% |
| 5-year return | -59.8% | -45.4% |
| Volatility (ann.) | 165.8% | 52.6% |
| Beta vs S&P 500 | 2.00 | 1.11 |
| Max drawdown (3Y) | -87.2% | -53.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLRO | GSM |
|---|---|---|
| 2022 | +17.8% | -38.0% |
| 2023 | +26.6% | +69.1% |
| 2024 | +5.4% | -40.9% |
| 2025 | -56.5% | +23.7% |
| 2026 | +17.3% | -12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLRO and GSM good diversifiers for each other?
Reasonably. At 0.44, CLRO and GSM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLRO and GSM?
As of 2026-08-27, the correlation of weekly returns between CLRO and GSM is 0.44 over 3 years, 0.55 over 1 year and 0.29 over 5 years.
Is GSM a good diversifier for CLRO?
Reasonably. At 0.44, CLRO and GSM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clro-vs-gsm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clro-vs-gsm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLRO correlations · GSM correlations
