ALGN vs CELC: Correlation
How closely do Align Technology (ALGN) and Celcuity Inc. (CELC) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGN and CELC?
Over the past 3 years, ALGN and CELC moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.20 versus -0.32 over 3 years. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1745.1 %².
Out of 37 assets tracked against ALGN, CELC lands near the bottom at #34. The last year tells two different stories: CELC led by 74.7 percentage points, +11.9% for ALGN against +86.6% for CELC. One caveat on sizing: CELC is 2.8 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.
ALGN vs CELC: side by side
| ALGN (Align Technology) | CELC (Celcuity Inc.) | |
|---|---|---|
| 1-year return | +11.9% | +86.6% |
| 5-year return | -77.4% | +324.8% |
| Volatility (ann.) | 44.3% | 124.5% |
| Beta vs S&P 500 | 1.51 | 0.76 |
| Max drawdown (3Y) | -66.7% | -62.0% |
| Market cap | $11.3B | $4.6B |
| P/E (trailing) | 27.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ALGN | CELC |
|---|---|---|
| 2022 | -67.9% | +6.2% |
| 2023 | +29.9% | +4.0% |
| 2024 | -23.9% | -10.2% |
| 2025 | -25.1% | +662.0% |
| 2026 | +1.7% | -6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGN and CELC good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALGN and CELC?
As of 2026-08-27, the correlation of weekly returns between ALGN and CELC is -0.32 over 3 years, 0.20 over 1 year and -0.19 over 5 years.
Is CELC a good diversifier for ALGN?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/algn-vs-celc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/algn-vs-celc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALGN correlations · CELC correlations
