ACTG vs CE: Correlation
Measured on weekly returns over the past three years, Acacia Research Corporation (ACTG) and Celanese Corporation (CE) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACTG and CE?
On 3 years of weekly data the ACTG/CE correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 716.9 %².
By 3-year correlation, CE places #5 of the 11 assets tracked against ACTG. The last year tells two different stories: ACTG led by 41.1 percentage points, +36.5% for ACTG against -4.6% for CE. One caveat on sizing: CE is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ACTG vs CE: side by side
| ACTG (Acacia Research Corporation) | CE (Celanese Corporation) | |
|---|---|---|
| 1-year return | +36.5% | -4.6% |
| 5-year return | -23.8% | -69.7% |
| Volatility (ann.) | 32.8% | 49.7% |
| Beta vs S&P 500 | 0.69 | 0.79 |
| Max drawdown (3Y) | -50.0% | -79.0% |
| Market cap | $0.4B | $4.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.27% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACTG | CE |
|---|---|---|
| 2022 | -17.9% | -37.8% |
| 2023 | -6.9% | +55.7% |
| 2024 | +10.7% | -54.6% |
| 2025 | -13.8% | -38.8% |
| 2026 | +20.1% | +6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACTG and CE good diversifiers for each other?
Reasonably. At 0.44, ACTG and CE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACTG and CE?
As of 2026-08-27, the correlation of weekly returns between ACTG and CE is 0.44 over 3 years, 0.43 over 1 year and 0.36 over 5 years.
Is CE a good diversifier for ACTG?
Reasonably. At 0.44, ACTG and CE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/actg-vs-ce.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/actg-vs-ce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACTG correlations · CE correlations
