BNC vs CELC: Correlation
Measured on weekly returns over the past three years, CEA Industries Inc. (BNC) and Celcuity Inc. (CELC) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNC and CELC?
Across a 3-year window, the weekly returns of BNC and CELC correlate at 0.64, strong. The past 12 months show a weaker link (0.12) than the 3-year average (0.64). Stretching to 5 years gives 0.52, with an annualized covariance of 9572.1 %².
In BNC's tracked universe of 37 assets, CELC sits right near the top at #1. Correlation aside, the last 12 months split them widely, with CELC ahead by 172.7 points (-86.1% versus +86.6%).
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.
BNC vs CELC: side by side
| BNC (CEA Industries Inc.) | CELC (Celcuity Inc.) | |
|---|---|---|
| 1-year return | -86.1% | +86.6% |
| 5-year return | -97.4% | +324.8% |
| Volatility (ann.) | 120.4% | 124.5% |
| Beta vs S&P 500 | -0.47 | 0.76 |
| Max drawdown (3Y) | -96.5% | -62.0% |
| Market cap | $0.1B | $4.6B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNC | CELC |
|---|---|---|
| 2022 | -82.5% | +6.2% |
| 2023 | -34.9% | +4.0% |
| 2024 | +23.7% | -10.2% |
| 2025 | -20.9% | +662.0% |
| 2026 | -53.1% | -6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNC and CELC good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BNC and CELC?
The BNC/CELC correlation stands at 0.64 on a 3-year window (1 year: 0.12, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is CELC a good diversifier for BNC?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/bnc-vs-celc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bnc-vs-celc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BNC correlations · CELC correlations
