CELC vs EIG: Correlation
Celcuity Inc. (CELC) and Employers Holdings Inc (EIG) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELC and EIG?
On 3 years of weekly data the CELC/EIG correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.00) runs above the 3-year figure (-0.30). The 5-year figure is -0.21, and annualized covariance runs at -862.6 %².
By 3-year correlation, EIG places #33 of the 38 assets tracked against CELC. The last year tells two different stories: CELC led by 69.9 percentage points, +86.6% for CELC against +16.7% for EIG. Note the risk asymmetry: CELC runs 5.5 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.
CELC vs EIG: side by side
| CELC (Celcuity Inc.) | EIG (Employers Holdings Inc) | |
|---|---|---|
| 1-year return | +86.6% | +16.7% |
| 5-year return | +324.8% | +43.2% |
| Volatility (ann.) | 124.5% | 22.8% |
| Beta vs S&P 500 | 0.76 | 0.32 |
| Max drawdown (3Y) | -62.0% | -31.3% |
| Market cap | $4.6B | $0.9B |
| P/E (trailing) | – | 62.1 |
| Dividend yield | 0.00% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CELC | EIG |
|---|---|---|
| 2022 | +6.2% | +12.6% |
| 2023 | +4.0% | -6.1% |
| 2024 | -10.2% | +33.4% |
| 2025 | +662.0% | -13.3% |
| 2026 | -6.5% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELC and EIG good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between CELC and EIG?
As of 2026-08-27, the correlation of weekly returns between CELC and EIG is -0.30 over 3 years, 0.00 over 1 year and -0.21 over 5 years.
Is EIG a good diversifier for CELC?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/celc-vs-eig.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/celc-vs-eig/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CELC correlations · EIG correlations
