ADEA vs CELH: Correlation
Measured on weekly returns over the past three years, Adeia Inc. (ADEA) and Celsius Holdings, Inc. (CELH) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADEA and CELH?
On 3 years of weekly data the ADEA/CELH correlation comes out at 0.38, moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.38). The 5-year figure is 0.29, and annualized covariance runs at 1231.5 %².
Within ADEA's tracked universe of 12 assets, CELH comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ADEA outperformed by 115.0 percentage points (+70.2% for ADEA against -44.8% for CELH).
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.
ADEA vs CELH: side by side
| ADEA (Adeia Inc.) | CELH (Celsius Holdings, Inc.) | |
|---|---|---|
| 1-year return | +70.2% | -44.8% |
| 5-year return | +208.1% | +24.3% |
| Volatility (ann.) | 48.4% | 66.5% |
| Beta vs S&P 500 | 1.10 | 1.11 |
| Max drawdown (3Y) | -34.8% | -77.9% |
| Market cap | $2.9B | $8.3B |
| P/E (trailing) | 24.1 | 143.4 |
| Dividend yield | 0.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADEA | CELH |
|---|---|---|
| 2022 | +18.5% | +39.5% |
| 2023 | +33.5% | +57.2% |
| 2024 | +14.8% | -51.7% |
| 2025 | +25.2% | +73.7% |
| 2026 | +52.9% | -27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADEA and CELH good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADEA and CELH?
The ADEA/CELH correlation stands at 0.38 on a 3-year window (1 year: 0.27, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is CELH a good diversifier for ADEA?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/adea-vs-celh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adea-vs-celh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADEA correlations · CELH correlations
