CLVT vs FA: Correlation
How closely do Clarivate Plc (CLVT) and First Advantage Corporation (FA) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLVT and FA?
On 3 years of weekly data the CLVT/FA correlation comes out at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 1373.8 %².
Few assets follow CLVT as closely as FA, which ranks #2 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with FA ahead by 81.7 points (-54.7% versus +27.0%).
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.
CLVT vs FA: side by side
| CLVT (Clarivate Plc) | FA (First Advantage Corporation) | |
|---|---|---|
| 1-year return | -54.7% | +27.0% |
| 5-year return | -91.9% | +6.1% |
| Volatility (ann.) | 59.3% | 45.8% |
| Beta vs S&P 500 | 0.99 | 1.18 |
| Max drawdown (3Y) | -82.2% | -55.9% |
| Market cap | $1.3B | $3.6B |
| P/E (trailing) | – | 139.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLVT | FA |
|---|---|---|
| 2022 | -64.5% | -31.7% |
| 2023 | +11.0% | +41.5% |
| 2024 | -45.1% | +13.0% |
| 2025 | -34.3% | -22.4% |
| 2026 | -39.2% | +44.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLVT and FA good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CLVT and FA?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.61 over the last year and 0.44 over 5 years.
Is FA a good diversifier for CLVT?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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/clvt-vs-fa.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clvt-vs-fa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLVT correlations · FA correlations
