CELC vs COLM: Correlation
Celcuity Inc. (CELC) and Columbia Sportswear Company (COLM) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELC and COLM?
On 3 years of weekly data the CELC/COLM correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.12 versus -0.23 over 3 years. The 5-year figure is -0.18, and annualized covariance runs at -894.3 %².
Among the 38 assets we track against CELC, COLM ranks #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CELC outperformed by 81.4 percentage points (+86.6% for CELC against +5.2% for COLM). One caveat on sizing: CELC is 4.0 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.
CELC vs COLM: side by side
| CELC (Celcuity Inc.) | COLM (Columbia Sportswear Company) | |
|---|---|---|
| 1-year return | +86.6% | +5.2% |
| 5-year return | +324.8% | -40.1% |
| Volatility (ann.) | 124.5% | 31.1% |
| Beta vs S&P 500 | 0.76 | 0.58 |
| Max drawdown (3Y) | -62.0% | -46.1% |
| Market cap | $4.6B | $2.9B |
| P/E (trailing) | – | 15.2 |
| Dividend yield | 0.00% | 2.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CELC | COLM |
|---|---|---|
| 2022 | +6.2% | -8.8% |
| 2023 | +4.0% | -7.8% |
| 2024 | -10.2% | +7.1% |
| 2025 | +662.0% | -33.1% |
| 2026 | -6.5% | +4.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELC and COLM good diversifiers for each other?
Yes. With a correlation of -0.23, CELC and COLM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CELC and COLM?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with 0.12 over the last year and -0.18 over 5 years.
Is COLM a good diversifier for CELC?
Yes. With a correlation of -0.23, CELC and COLM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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Related comparisons
Hubs: CELC correlations · COLM correlations
