CLRO vs UPC: Correlation
ClearOne, Inc. (CLRO) and Universe Pharmaceuticals Inc - Class A (UPC) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLRO and UPC?
Across a 3-year window, the weekly returns of CLRO and UPC correlate at 0.34, moderate. The link has tightened recently: the 1-year correlation (0.70) runs above the 3-year figure (0.34). Stretching to 5 years gives 0.30, with an annualized covariance of 10619.3 %².
Within CLRO's tracked universe of 13 assets, UPC comes in at #7 by 3-year correlation. Over the last 12 months CLRO came out ahead by 14.1 percentage points (+51.1% against +37.0%).
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 UPC: side by side
| CLRO (ClearOne, Inc.) | UPC (Universe Pharmaceuticals Inc - Class A) | |
|---|---|---|
| 1-year return | +51.1% | +37.0% |
| 5-year return | -59.8% | -99.9% |
| Volatility (ann.) | 165.8% | 187.7% |
| Beta vs S&P 500 | 2.00 | 2.00 |
| Max drawdown (3Y) | -87.2% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLRO | UPC |
|---|---|---|
| 2022 | +17.8% | -11.3% |
| 2023 | +26.6% | -76.9% |
| 2024 | +5.4% | -98.0% |
| 2025 | -56.5% | -84.4% |
| 2026 | +17.3% | +32.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLRO and UPC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLRO and UPC?
The CLRO/UPC correlation stands at 0.34 on a 3-year window (1 year: 0.70, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is UPC a good diversifier for CLRO?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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-upc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clro-vs-upc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLRO correlations · UPC correlations
