Clearfield Correlations

CLFD Stock

USD 43.04 0.14 0.32%

The current 90-days correlation between Clearfield and Digi International is 0.5 (i.e., Very weak diversification). The correlation of Clearfield is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Clearfield Correlation With Market

Very weak diversification

The correlation between Clearfield and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearfield and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Clearfield Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearfield. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For information on how to trade Clearfield Stock refer to our How to Trade Clearfield Stock guide.

Moving together with Clearfield Stock

0.9	LPL	LG Display Earnings Call This Week	Pair Corr
0.96	LITE	Lumentum Holdings	Pair Corr
0.79	NTGR	NETGEAR	Pair Corr
0.78	RGTIW	Rigetti Computing Trending	Pair Corr
0.87	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.89	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.79	RGTI	Rigetti Computing Trending	Pair Corr
0.79	ADTN	ADTRAN Inc	Pair Corr
0.95	AVNW	Aviat Networks	Pair Corr
0.86	CRNT	Ceragon Networks	Pair Corr
0.98	CSCO	Cisco Systems	Pair Corr
0.95	VRRM	Verra Mobility Corp	Pair Corr
0.62	ENLV	Enlivex Therapeutics	Pair Corr
0.85	FRGE	Forge Global Holdings	Pair Corr
0.94	IBM	International Business Earnings Call This Week	Pair Corr
0.72	INTC	Intel Earnings Call This Week	Pair Corr
0.88	ITRN	Ituran Location	Pair Corr
0.92	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.91	ALLT	Allot Communications	Pair Corr
0.86	AMBA	Ambarella	Pair Corr
0.8	CAMT	Camtek	Pair Corr
0.8	PFE	Pfizer Inc	Pair Corr
0.95	CAT	Caterpillar	Pair Corr
0.96	AXP	American Express	Pair Corr
0.98	DIS	Walt Disney	Pair Corr
0.93	AA	Alcoa Corp	Pair Corr

Moving against Clearfield Stock

0.42	QMCO	Quantum	Pair Corr
0.66	MCD	McDonalds	Pair Corr
0.56	KO	Coca Cola Earnings Call This Week	Pair Corr
0.47	07274NBG7	BAYNGR 5 15	Pair Corr
0.41	PG	Procter Gamble	Pair Corr
0.34	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	DGII	EXTR	CIEN	HLIT	CMTL	CALX	AOSL	AVNW	ATKR
DGII		0.96	0.8	0.61	0.83	0.91	0.86	0.92	0.83	DGII
EXTR	0.96		0.85	0.58	0.89	0.97	0.92	0.97	0.89	EXTR
CIEN	0.8	0.85		0.51	0.71	0.85	0.73	0.76	0.79	CIEN
HLIT	0.61	0.58	0.51		0.41	0.54	0.56	0.49	0.61	HLIT
CMTL	0.83	0.89	0.71	0.41		0.9	0.86	0.91	0.8	CMTL
CALX	0.91	0.97	0.85	0.54	0.9		0.91	0.95	0.91	CALX
AOSL	0.86	0.92	0.73	0.56	0.86	0.91		0.93	0.92	AOSL
AVNW	0.92	0.97	0.76	0.49	0.91	0.95	0.93		0.88	AVNW
ATKR	0.83	0.89	0.79	0.61	0.8	0.91	0.92	0.88		ATKR
	DGII	EXTR	CIEN	HLIT	CMTL	CALX	AOSL	AVNW	ATKR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Clearfield Stock performing well and Clearfield Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Clearfield's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DGII	1.39	0.26	0.16	0.38	1.20	(1.55)	2.94	(2.38)	17.79
EXTR	1.75	0.40	0.30	0.39	1.11	(2.09)	4.64	(2.37)	9.52
CIEN	1.69	0.42	0.15	0.45	2.41	(1.88)	5.18	(1.83)	19.28
HLIT	1.68	(0.12)	(0.02)	0.05	2.58	(1.70)	3.67	(4.28)	16.68
CMTL	4.31	0.79	0.16	0.58	4.94	(4.96)	11.73	(6.73)	30.00
CALX	1.33	0.53	0.48	0.53	0.51	(1.71)	3.16	(1.83)	15.10
AOSL	2.82	0.33	0.17	0.27	2.65	(3.35)	7.49	(5.29)	20.50
AVNW	1.60	0.42	0.21	0.76	1.36	(1.91)	4.35	(2.85)	8.86
ATKR	1.68	0.20	0.16	0.26	1.33	(2.04)	4.02	(2.51)	15.01

Clearfield Corporate Management

Anis Khemakhem	Chief Officer	Profile
Kevin Morgan	Chief Marketing Officer	Profile
Allen Griser	Chief Officer	Profile
Bob Cody	Vice Management	Profile
Frank Brixius	General Secretary	Profile
Skip Hansen	Chief Officer	Profile
Daniel Herzog	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC