CELC vs GWW: Correlation
How closely do Celcuity Inc. (CELC) and W. W. Grainger (GWW) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELC and GWW?
Across a 3-year window, the weekly returns of CELC and GWW correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.21). Stretching to 5 years gives -0.16, with an annualized covariance of -621.8 %².
Among the 38 assets we track against CELC, GWW ranks #18 by 3-year correlation. The last year tells two different stories: CELC led by 55.6 percentage points, +86.6% for CELC against +31.0% for GWW. One caveat on sizing: CELC is 5.3 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 GWW: side by side
| CELC (Celcuity Inc.) | GWW (W. W. Grainger) | |
|---|---|---|
| 1-year return | +86.6% | +31.0% |
| 5-year return | +324.8% | +219.4% |
| Volatility (ann.) | 124.5% | 23.3% |
| Beta vs S&P 500 | 0.76 | 0.74 |
| Max drawdown (3Y) | -62.0% | -24.5% |
| Market cap | $4.6B | $62.2B |
| P/E (trailing) | – | 34.0 |
| Dividend yield | 0.00% | 0.69% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CELC | GWW |
|---|---|---|
| 2022 | +6.2% | +8.7% |
| 2023 | +4.0% | +50.5% |
| 2024 | -10.2% | +28.2% |
| 2025 | +662.0% | -3.4% |
| 2026 | -6.5% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELC and GWW good diversifiers for each other?
Yes. With a correlation of -0.21, CELC and GWW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CELC and GWW?
As of 2026-08-27, the correlation of weekly returns between CELC and GWW is -0.21 over 3 years, -0.10 over 1 year and -0.16 over 5 years.
Is GWW a good diversifier for CELC?
Yes. With a correlation of -0.21, CELC and GWW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/celc-vs-gww.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/celc-vs-gww/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CELC correlations · GWW correlations
