CLVT vs TER: Correlation
Measured on weekly returns over the past three years, Clarivate Plc (CLVT) and Teradyne (TER) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLVT and TER?
Across a 3-year window, the weekly returns of CLVT and TER correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.19 over 3 years. Stretching to 5 years gives 0.02, with an annualized covariance of -584.5 %².
TER is close to the least connected end of CLVT's tracked universe, ranking #12 of 13. The last year tells two different stories: TER led by 273.5 percentage points, -54.7% for CLVT against +218.8% for TER.
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 TER: side by side
| CLVT (Clarivate Plc) | TER (Teradyne) | |
|---|---|---|
| 1-year return | -54.7% | +218.8% |
| 5-year return | -91.9% | +207.9% |
| Volatility (ann.) | 59.3% | 52.5% |
| Beta vs S&P 500 | 0.99 | 1.70 |
| Max drawdown (3Y) | -82.2% | -58.2% |
| Market cap | $1.3B | $58.2B |
| P/E (trailing) | – | 50.0 |
| Dividend yield | 0.00% | 0.14% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CLVT | TER |
|---|---|---|
| 2022 | -64.5% | -46.3% |
| 2023 | +11.0% | +24.8% |
| 2024 | -45.1% | +16.5% |
| 2025 | -34.3% | +54.4% |
| 2026 | -39.2% | +92.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLVT and TER good diversifiers for each other?
Yes. With a correlation of -0.19, CLVT and TER have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CLVT and TER?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.44 over the last year and 0.02 over 5 years.
Is TER a good diversifier for CLVT?
Yes. With a correlation of -0.19, CLVT and TER have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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-ter.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clvt-vs-ter/)
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Related comparisons
Hubs: CLVT correlations · TER correlations
