CELC vs TOYO: Correlation
How closely do Celcuity Inc. (CELC) and TOYO Co., Ltd (TOYO) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELC and TOYO?
On 3 years of weekly data the CELC/TOYO correlation comes out at 0.31, moderate. The link has loosened recently: the 1-year correlation (-0.08) runs below the 3-year figure (0.31). The 5-year figure is 0.29, and annualized covariance runs at 4100.7 %².
Within CELC's tracked universe of 38 assets, TOYO comes in at #10 by 3-year correlation. The last year tells two different stories: CELC led by 100.2 percentage points, +86.6% for CELC against -13.6% for TOYO.
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 TOYO: side by side
| CELC (Celcuity Inc.) | TOYO (TOYO Co., Ltd) | |
|---|---|---|
| 1-year return | +86.6% | -13.6% |
| 5-year return | +324.8% | -54.4% |
| Volatility (ann.) | 124.5% | 107.7% |
| Beta vs S&P 500 | 0.76 | 0.34 |
| Max drawdown (3Y) | -62.0% | -86.3% |
| Market cap | $4.6B | $0.2B |
| P/E (trailing) | – | 2.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CELC | TOYO |
|---|---|---|
| 2022 | +6.2% | – |
| 2023 | +4.0% | +8.0% |
| 2024 | -10.2% | -69.3% |
| 2025 | +662.0% | +73.4% |
| 2026 | -6.5% | -23.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELC and TOYO good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CELC and TOYO?
As of 2026-08-27, the correlation of weekly returns between CELC and TOYO is 0.31 over 3 years, -0.08 over 1 year and 0.29 over 5 years.
Is TOYO a good diversifier for CELC?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/celc-vs-toyo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/celc-vs-toyo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CELC correlations · TOYO correlations
