CELC vs FGNX: Correlation
How closely do Celcuity Inc. (CELC) and FG Nexus Inc. (FGNX) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELC and FGNX?
Over the past 3 years, CELC and FGNX moved with a correlation of 0.37, which is moderate. The link has loosened recently: the 1-year correlation (-0.04) runs below the 3-year figure (0.37). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 4883.2 %².
Among the 38 assets we track against CELC, FGNX ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CELC ahead by 174.1 points (+86.6% versus -87.5%).
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 FGNX: side by side
| CELC (Celcuity Inc.) | FGNX (FG Nexus Inc.) | |
|---|---|---|
| 1-year return | +86.6% | -87.5% |
| 5-year return | +324.8% | -98.8% |
| Volatility (ann.) | 124.5% | 105.1% |
| Beta vs S&P 500 | 0.76 | -0.07 |
| Max drawdown (3Y) | -62.0% | -97.9% |
| Market cap | $4.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CELC | FGNX |
|---|---|---|
| 2022 | +6.2% | -24.2% |
| 2023 | +4.0% | -43.9% |
| 2024 | -10.2% | -45.5% |
| 2025 | +662.0% | -87.4% |
| 2026 | -6.5% | -42.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELC and FGNX good diversifiers for each other?
Reasonably. At 0.37, CELC and FGNX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CELC and FGNX?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with -0.04 over the last year and 0.30 over 5 years.
Is FGNX a good diversifier for CELC?
Reasonably. At 0.37, CELC and FGNX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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-fgnx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/celc-vs-fgnx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CELC correlations · FGNX correlations
