Clear Secure Correlations

YOU Stock

USD 24.28 2.00 7.61%

The current 90-days correlation between Clear Secure and Braze Inc is 0.26 (i.e., Modest diversification). The correlation of Clear Secure 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Clear Secure Correlation With Market

Weak diversification

The correlation between Clear Secure and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clear Secure and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Clear Secure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Clear Stock please use our How to Invest in Clear Secure guide.

Moving against Clear Stock

0.74	DV	DoubleVerify Holdings	Pair Corr
0.7	DT	Dynatrace Holdings LLC	Pair Corr
0.7	DMRC	Digimarc	Pair Corr
0.66	DSGX	Descartes Systems	Pair Corr
0.58	VMEO	Vimeo Inc	Pair Corr
0.49	VERX	Vertex	Pair Corr
0.48	VTEX	VTEX	Pair Corr
0.46	ZM	Zoom Video Communications	Pair Corr
0.41	WK	Workiva	Pair Corr
0.4	DUOT	Duos Technologies Earnings Call This Week	Pair Corr
0.39	U	Unity Software Sell-off Trend	Pair Corr
0.36	DUOL	Duolingo Tech Boost	Pair Corr
0.35	BL	Blackline	Pair Corr
0.79	DSP	Viant Technology	Pair Corr
0.75	ANY	Sphere 3D Corp Earnings Call This Week	Pair Corr
0.75	DHX	DHI Group Tech Boost	Pair Corr
0.64	EGHT	8x8 Common Stock	Pair Corr
0.64	APP	Applovin Corp Buyout Trend	Pair Corr
0.64	CRM	Salesforce	Pair Corr
0.61	FRGE	Forge Global Holdings	Pair Corr
0.58	BMR	Beamr Imaging	Pair Corr
0.57	ESTC	Elastic NV	Pair Corr
0.57	DAY	Dayforce	Pair Corr
0.56	API	Agora Inc	Pair Corr
0.55	BSY	Bentley Systems	Pair Corr
0.54	ELWS	Earlyworks Co,	Pair Corr
0.5	WDAY	Workday	Pair Corr
0.5	ETWO	E2open Parent Holdings	Pair Corr
0.48	CYN	Cyngn Inc Earnings Call Tomorrow	Pair Corr
0.45	EGAN	eGain	Pair Corr

Related Correlations Analysis

	BRZE	ENFN	FRSH	CWAN	LAW	MNDY	DDOG	BILL	ASAN	TEAM
BRZE		-0.16	0.91	0.77	0.93	0.73	0.73	0.91	0.7	0.84	BRZE
ENFN	-0.16		-0.28	0.06	-0.16	-0.55	-0.49	-0.4	-0.64	-0.44	ENFN
FRSH	0.91	-0.28		0.82	0.94	0.84	0.78	0.94	0.78	0.92	FRSH
CWAN	0.77	0.06	0.82		0.87	0.49	0.42	0.67	0.51	0.72	CWAN
LAW	0.93	-0.16	0.94	0.87		0.71	0.7	0.89	0.75	0.9	LAW
MNDY	0.73	-0.55	0.84	0.49	0.71		0.79	0.87	0.84	0.86	MNDY
DDOG	0.73	-0.49	0.78	0.42	0.7	0.79		0.84	0.79	0.74	DDOG
BILL	0.91	-0.4	0.94	0.67	0.89	0.87	0.84		0.88	0.96	BILL
ASAN	0.7	-0.64	0.78	0.51	0.75	0.84	0.79	0.88		0.92	ASAN
TEAM	0.84	-0.44	0.92	0.72	0.9	0.86	0.74	0.96	0.92		TEAM
	BRZE	ENFN	FRSH	CWAN	LAW	MNDY	DDOG	BILL	ASAN	TEAM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TEAM	+ 0.96	BILL
LAW	+ 0.94	FRSH
BILL	+ 0.94	FRSH
LAW	+ 0.93	BRZE
TEAM	+ 0.92	FRSH
TEAM	+ 0.92	ASAN

High negative correlations

ASAN	- 0.64	ENFN
MNDY	- 0.55	ENFN
DDOG	- 0.49	ENFN
TEAM	- 0.44	ENFN
BILL	- 0.4	ENFN
FRSH	- 0.28	ENFN

Risk-Adjusted Indicators

There is a big difference between Clear Stock performing well and Clear Secure 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 Clear Secure'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
BRZE	2.96	(0.11)	0.00	(0.19)	0.00	0.00	5.95	(5.38)	18.36
ENFN	0.71	(0.08)	0.00	(30.65)	0.00	0.00	1.41	(1.35)	6.26
FRSH	2.43	(0.11)	0.00	(0.19)	0.00	0.00	3.69	(4.92)	14.35
CWAN	2.04	(0.20)	0.00	(0.29)	0.00	0.00	4.33	(4.59)	18.27
LAW	2.30	(0.26)	0.00	(0.39)	0.00	0.00	4.09	(5.78)	13.11
MNDY	3.30	0.47	0.08	0.14	4.17	(3.41)	7.13	(7.00)	38.83
DDOG	2.26	(0.24)	0.00	(0.28)	0.00	0.00	4.07	(6.92)	16.37
BILL	2.67	(0.16)	0.00	(0.19)	0.00	0.00	5.29	(6.72)	22.35
ASAN	3.52	(0.03)	0.00	(0.12)	0.00	0.00	6.12	(6.22)	31.65
TEAM	2.90	(0.39)	0.00	(0.34)	0.00	0.00	4.74	(8.99)	23.01

Clear Secure Corporate Management

Kasra Moshkani	Executive Operations	Profile
Lynn Haaland	General Officer	Profile
Dennis Liu	Chief Officer	Profile
Catesby III	Executive Growth	Profile
Matthew Levine	Chief Counsel	Profile
Kyle McLaughlin	Executive Aviation	Profile

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