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Correlations Analysis

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Source
List Type
1.65 0.03 (1.85%) 09/04/2026
Clean Energy Fuels Corp. (CLNE)
Showing Correlations for up to two years. To view all data, Upgrade to PRO plan!
Found large sets of symbols. Showing 25 symbols.

Correlation Analytics

CLNE vs 19 instruments · 05 Sep 2024 – 05 Sep 2026 · Daily returns
Average correlation by asset class
Equity Indices
0.08
19 instruments
Key Observations
  • CLNE is most correlated with $GSPC (r = 0.30, β = 1.16), the closest co-mover in this set — it explains about 9% of CLNE daily moves (R² = 0.09).
  • $STI is effectively uncorrelated (r = -0.07), the best diversifier against CLNE here.
  • Across the set (all Equity Indices), average correlation to CLNE is 0.08.
  • Correlation to $AEX is rising (3M r = 0.18 vs 1Y 0.02) — they have been moving together more lately.
  • Overall, CLNE is largely idiosyncratic versus this set (avg |r| = 0.10) — its moves are mostly stock-specific.
  • Versus $GSPC, Pearson r and Spearman ρ agree (0.30 vs 0.24), so the relationship is broadly linear and the β is dependable.
  • CLNE and $GSPC move contemporaneously (correlation is strongest same-day) — no usable lead-lag timing within ±3 days.
  • Unusually, correlation to $GSPC loosens under stress (r = 0.31 calm vs 0.19 high-VIX) — it has decoupled in volatile regimes.
Derived from the figures below · point-in-time over the selected window · not investment advice.
By instrument · correlation across windows, with sensitivity
SymbolName1M3M6M1YTrendβ
$GSPCS&P 500-0.19-0.02-0.170.031.160.09
$NDXNasdaq 100-0.23-0.00-0.130.000.770.07
$DJIDow Jones Industrial Average-0.14-0.12-0.200.011.110.07
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β and R² computed over the full selected window vs each instrument · window correlations use common trading days only · ▲/▼ = recent (3M) vs longer-term (1Y) correlation · not investment advice.

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