CLRO vs NI: Correlation
ClearOne, Inc. (CLRO) and NiSource (NI) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLRO and NI?
Across a 3-year window, the weekly returns of CLRO and NI correlate at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Stretching to 5 years gives -0.13, with an annualized covariance of -597.8 %².
NI is close to the least connected end of CLRO's tracked universe, ranking #10 of 13. Correlation aside, the last 12 months split them widely, with CLRO ahead by 52.0 points (+51.1% versus -0.9%). Risk is not evenly split, since CLRO carries 9.3 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 NI: side by side
| CLRO (ClearOne, Inc.) | NI (NiSource) | |
|---|---|---|
| 1-year return | +51.1% | -0.9% |
| 5-year return | -59.8% | +94.6% |
| Volatility (ann.) | 165.8% | 17.8% |
| Beta vs S&P 500 | 2.00 | 0.26 |
| Max drawdown (3Y) | -87.2% | -16.7% |
| Market cap | – | $19.6B |
| P/E (trailing) | – | 21.9 |
| Dividend yield | 0.00% | 1.41% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | CLRO | NI |
|---|---|---|
| 2022 | +17.8% | +2.7% |
| 2023 | +26.6% | +0.5% |
| 2024 | +5.4% | +43.5% |
| 2025 | -56.5% | +16.8% |
| 2026 | +17.3% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLRO and NI good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CLRO and NI?
As of 2026-08-27, the correlation of weekly returns between CLRO and NI is -0.20 over 3 years, -0.26 over 1 year and -0.13 over 5 years.
Is NI a good diversifier for CLRO?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clro-vs-ni.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clro-vs-ni/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLRO correlations · NI correlations
