CLRO vs VSTM: Correlation
Measured on weekly returns over the past three years, ClearOne, Inc. (CLRO) and Verastem, Inc. (VSTM) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLRO and VSTM?
Over the past 3 years, CLRO and VSTM moved with a correlation of 0.39, which is moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 6601.0 %².
By 3-year correlation, VSTM places #6 of the 13 assets tracked against CLRO. The last year tells two different stories: CLRO led by 71.7 percentage points, +51.1% for CLRO against -20.6% for VSTM. Note the risk asymmetry: CLRO runs 1.6 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.
CLRO vs VSTM: side by side
| CLRO (ClearOne, Inc.) | VSTM (Verastem, Inc.) | |
|---|---|---|
| 1-year return | +51.1% | -20.6% |
| 5-year return | -59.8% | -77.0% |
| Volatility (ann.) | 165.8% | 102.2% |
| Beta vs S&P 500 | 2.00 | 1.38 |
| Max drawdown (3Y) | -87.2% | -84.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLRO | VSTM |
|---|---|---|
| 2022 | +17.8% | -80.5% |
| 2023 | +26.6% | +69.6% |
| 2024 | +5.4% | -36.5% |
| 2025 | -56.5% | +49.3% |
| 2026 | +17.3% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLRO and VSTM good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLRO and VSTM?
The CLRO/VSTM correlation stands at 0.39 on a 3-year window (1 year: 0.32, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is VSTM a good diversifier for CLRO?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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-vstm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clro-vs-vstm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLRO correlations · VSTM correlations
