CLVT vs MAX: Correlation
Clarivate Plc (CLVT) and MediaAlpha, Inc. (MAX) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLVT and MAX?
On 3 years of weekly data the CLVT/MAX correlation comes out at 0.48, moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.48). The 5-year figure is 0.41, and annualized covariance runs at 1647.8 %².
Among the 13 assets we track against CLVT, MAX ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MAX outperformed by 75.9 percentage points (-54.7% for CLVT against +21.2% for MAX).
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 MAX: side by side
| CLVT (Clarivate Plc) | MAX (MediaAlpha, Inc.) | |
|---|---|---|
| 1-year return | -54.7% | +21.2% |
| 5-year return | -91.9% | -44.3% |
| Volatility (ann.) | 59.3% | 58.2% |
| Beta vs S&P 500 | 0.99 | 0.96 |
| Max drawdown (3Y) | -82.2% | -67.7% |
| Market cap | $1.3B | $0.7B |
| P/E (trailing) | – | 7.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLVT | MAX |
|---|---|---|
| 2022 | -64.5% | -35.6% |
| 2023 | +11.0% | +12.1% |
| 2024 | -45.1% | +1.3% |
| 2025 | -34.3% | +14.7% |
| 2026 | -39.2% | -2.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLVT and MAX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLVT and MAX?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.60 over the last year and 0.41 over 5 years.
Is MAX a good diversifier for CLVT?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clvt-vs-max.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clvt-vs-max/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLVT correlations · MAX correlations
