ABCL vs CERT: Correlation
Measured on weekly returns over the past three years, AbCellera Biologics Inc. (ABCL) and Certara, Inc. (CERT) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCL and CERT?
On 3 years of weekly data the ABCL/CERT correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 2144.7 %².
Among the 17 assets we track against ABCL, CERT ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ABCL outperformed by 208.4 percentage points (+185.1% for ABCL against -23.3% for CERT).
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.
ABCL vs CERT: side by side
| ABCL (AbCellera Biologics Inc.) | CERT (Certara, Inc.) | |
|---|---|---|
| 1-year return | +185.1% | -23.3% |
| 5-year return | -28.5% | -74.4% |
| Volatility (ann.) | 80.2% | 56.7% |
| Beta vs S&P 500 | 1.75 | 1.49 |
| Max drawdown (3Y) | -67.7% | -77.0% |
| Market cap | $4.0B | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCL | CERT |
|---|---|---|
| 2022 | -29.2% | -43.5% |
| 2023 | -43.6% | +9.5% |
| 2024 | -48.7% | -39.5% |
| 2025 | +16.7% | -17.3% |
| 2026 | +262.6% | -4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCL and CERT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABCL and CERT?
As of 2026-08-27, the correlation of weekly returns between ABCL and CERT is 0.47 over 3 years, 0.54 over 1 year and 0.39 over 5 years.
Is CERT a good diversifier for ABCL?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/abcl-vs-cert.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abcl-vs-cert/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABCL correlations · CERT correlations
