AIFF vs CSTE: Correlation
Firefly Neuroscience, Inc. (AIFF) and Caesarstone Ltd. (CSTE) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIFF and CSTE?
Over the past 3 years, AIFF and CSTE moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.24 over 3 years. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -4629.7 %².
CSTE is close to the least connected end of AIFF's tracked universe, ranking #14 of 15. Correlation aside, the last 12 months split them widely, with CSTE ahead by 175.8 points (-58.9% versus +116.9%). Note the risk asymmetry: AIFF runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AIFF vs CSTE: side by side
| AIFF (Firefly Neuroscience, Inc.) | CSTE (Caesarstone Ltd.) | |
|---|---|---|
| 1-year return | -58.9% | +116.9% |
| 5-year return | -98.8% | -74.8% |
| Volatility (ann.) | 190.4% | 100.4% |
| Beta vs S&P 500 | 1.78 | 1.27 |
| Max drawdown (3Y) | -95.9% | -90.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIFF | CSTE |
|---|---|---|
| 2022 | -90.3% | -48.4% |
| 2023 | -64.8% | -34.5% |
| 2024 | -47.7% | +13.6% |
| 2025 | -66.8% | -56.2% |
| 2026 | +22.7% | +72.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIFF and CSTE good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between AIFF and CSTE?
As of 2026-08-27, the correlation of weekly returns between AIFF and CSTE is -0.24 over 3 years, -0.39 over 1 year and -0.21 over 5 years.
Is CSTE a good diversifier for AIFF?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AIFF correlations · CSTE correlations
