CELC vs IR: Correlation
Celcuity Inc. (CELC) and Ingersoll Rand (IR) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELC and IR?
Across a 3-year window, the weekly returns of CELC and IR correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.18 over 3 years. Stretching to 5 years gives -0.12, with an annualized covariance of -687.1 %².
By 3-year correlation, IR places #14 of the 38 assets tracked against CELC. Correlation aside, the last 12 months split them widely, with CELC ahead by 88.6 points (+86.6% versus -2.0%). Risk is not evenly split, since CELC carries 4.2 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 IR: side by side
| CELC (Celcuity Inc.) | IR (Ingersoll Rand) | |
|---|---|---|
| 1-year return | +86.6% | -2.0% |
| 5-year return | +324.8% | +49.2% |
| Volatility (ann.) | 124.5% | 29.8% |
| Beta vs S&P 500 | 0.76 | 1.17 |
| Max drawdown (3Y) | -62.0% | -36.6% |
| Market cap | $4.6B | $30.6B |
| P/E (trailing) | – | 32.6 |
| Dividend yield | 0.00% | 0.15% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CELC | IR |
|---|---|---|
| 2022 | +6.2% | -15.4% |
| 2023 | +4.0% | +48.2% |
| 2024 | -10.2% | +17.1% |
| 2025 | +662.0% | -12.3% |
| 2026 | -6.5% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELC and IR good diversifiers for each other?
Yes. With a correlation of -0.18, CELC and IR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CELC and IR?
The CELC/IR correlation stands at -0.18 on a 3-year window (1 year: 0.02, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is IR a good diversifier for CELC?
Yes. With a correlation of -0.18, CELC and IR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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-ir.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/celc-vs-ir/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CELC correlations · IR correlations
