CELC vs UNM: Correlation
Measured on weekly returns over the past three years, Celcuity Inc. (CELC) and Unum Group (UNM) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELC and UNM?
Across a 3-year window, the weekly returns of CELC and UNM correlate at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.32 over 3 years. Stretching to 5 years gives -0.15, with an annualized covariance of -940.1 %².
Out of 38 assets tracked against CELC, UNM lands near the bottom at #38. The last year tells two different stories: CELC led by 50.4 percentage points, +86.6% for CELC against +36.2% for UNM. One caveat on sizing: CELC is 5.2 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 UNM: side by side
| CELC (Celcuity Inc.) | UNM (Unum Group) | |
|---|---|---|
| 1-year return | +86.6% | +36.2% |
| 5-year return | +324.8% | +305.6% |
| Volatility (ann.) | 124.5% | 23.8% |
| Beta vs S&P 500 | 0.76 | 0.49 |
| Max drawdown (3Y) | -62.0% | -17.9% |
| Market cap | $4.6B | $14.6B |
| P/E (trailing) | – | 21.3 |
| Dividend yield | 0.00% | 2.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CELC | UNM |
|---|---|---|
| 2022 | +6.2% | +73.6% |
| 2023 | +4.0% | +13.7% |
| 2024 | -10.2% | +66.3% |
| 2025 | +662.0% | +8.6% |
| 2026 | -6.5% | +21.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELC and UNM good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between CELC and UNM?
The CELC/UNM correlation stands at -0.32 on a 3-year window (1 year: -0.04, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is UNM a good diversifier for CELC?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 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-unm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/celc-vs-unm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CELC correlations · UNM correlations
