CELC vs IRMD: Correlation
How closely do Celcuity Inc. (CELC) and iRadimed Corporation (IRMD) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELC and IRMD?
On 3 years of weekly data the CELC/IRMD correlation comes out at 0.41, moderate. The past 12 months show a weaker link (0.17) than the 3-year average (0.41). The 5-year figure is 0.21, and annualized covariance runs at 1571.9 %².
Within CELC's tracked universe of 38 assets, IRMD comes in at #4 by 3-year correlation. The last year tells two different stories: CELC led by 67.2 percentage points, +86.6% for CELC against +19.4% for IRMD. One caveat on sizing: CELC is 4.0 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 IRMD: side by side
| CELC (Celcuity Inc.) | IRMD (iRadimed Corporation) | |
|---|---|---|
| 1-year return | +86.6% | +19.4% |
| 5-year return | +324.8% | +185.4% |
| Volatility (ann.) | 124.5% | 30.9% |
| Beta vs S&P 500 | 0.76 | 0.61 |
| Max drawdown (3Y) | -62.0% | -24.9% |
| Market cap | $4.6B | $1.1B |
| P/E (trailing) | – | 48.9 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CELC | IRMD |
|---|---|---|
| 2022 | +6.2% | -37.5% |
| 2023 | +4.0% | +75.4% |
| 2024 | -10.2% | +17.0% |
| 2025 | +662.0% | +79.7% |
| 2026 | -6.5% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELC and IRMD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CELC and IRMD?
The CELC/IRMD correlation stands at 0.41 on a 3-year window (1 year: 0.17, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is IRMD a good diversifier for CELC?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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-irmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/celc-vs-irmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CELC correlations · IRMD correlations
