CELC vs IP: Correlation
Celcuity Inc. (CELC) and International Paper (IP) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELC and IP?
On 3 years of weekly data the CELC/IP correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.01 versus -0.21 over 3 years. The 5-year figure is -0.19, and annualized covariance runs at -991.3 %².
Within CELC's tracked universe of 38 assets, IP comes in at #19 by 3-year correlation. The last year tells two different stories: CELC led by 100.1 percentage points, +86.6% for CELC against -13.5% for IP. Risk is not evenly split, since CELC carries 3.3 times the volatility of the other side.
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 IP: side by side
| CELC (Celcuity Inc.) | IP (International Paper) | |
|---|---|---|
| 1-year return | +86.6% | -13.5% |
| 5-year return | +324.8% | -11.2% |
| Volatility (ann.) | 124.5% | 37.8% |
| Beta vs S&P 500 | 0.76 | 0.77 |
| Max drawdown (3Y) | -62.0% | -48.6% |
| Market cap | $4.6B | $21.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.47% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | CELC | IP |
|---|---|---|
| 2022 | +6.2% | -23.0% |
| 2023 | +4.0% | +10.2% |
| 2024 | -10.2% | +55.3% |
| 2025 | +662.0% | -23.8% |
| 2026 | -6.5% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELC and IP good diversifiers for each other?
Yes. With a correlation of -0.21, CELC and IP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CELC and IP?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.01 over the last year and -0.19 over 5 years.
Is IP a good diversifier for CELC?
Yes. With a correlation of -0.21, CELC and IP 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-ip.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/celc-vs-ip/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CELC correlations · IP correlations
