CELC vs SLGN: Correlation
Celcuity Inc. (CELC) and Silgan Holdings Inc. (SLGN) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELC and SLGN?
Over the past 3 years, CELC and SLGN moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.09) than the 3-year average (-0.23). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -859.8 %².
Within CELC's tracked universe of 38 assets, SLGN comes in at #23 by 3-year correlation. The last year tells two different stories: CELC led by 94.5 percentage points, +86.6% for CELC against -7.9% for SLGN. Note the risk asymmetry: CELC runs 4.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SLGN: side by side
| CELC (Celcuity Inc.) | SLGN (Silgan Holdings Inc.) | |
|---|---|---|
| 1-year return | +86.6% | -7.9% |
| 5-year return | +324.8% | +5.9% |
| Volatility (ann.) | 124.5% | 29.4% |
| Beta vs S&P 500 | 0.76 | 0.58 |
| Max drawdown (3Y) | -62.0% | -35.0% |
| Market cap | $4.6B | $4.4B |
| P/E (trailing) | – | 16.9 |
| Dividend yield | 0.00% | 1.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CELC | SLGN |
|---|---|---|
| 2022 | +6.2% | +22.7% |
| 2023 | +4.0% | -11.3% |
| 2024 | -10.2% | +16.8% |
| 2025 | +662.0% | -21.1% |
| 2026 | -6.5% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELC and SLGN good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CELC and SLGN?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with 0.09 over the last year and -0.21 over 5 years.
Is SLGN a good diversifier for CELC?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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-slgn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/celc-vs-slgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CELC correlations · SLGN correlations
