CELH vs LAR: Correlation
How closely do Celsius Holdings, Inc. (CELH) and Lithium Argentina AG (LAR) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELH and LAR?
On 3 years of weekly data the CELH/LAR correlation comes out at 0.38, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.38 over 3. The 5-year figure is 0.36, and annualized covariance runs at 1686.6 %².
Within CELH's tracked universe of 12 assets, LAR comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LAR ahead by 158.7 points (-44.8% versus +113.9%).
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.
CELH vs LAR: side by side
| CELH (Celsius Holdings, Inc.) | LAR (Lithium Argentina AG) | |
|---|---|---|
| 1-year return | -44.8% | +113.9% |
| 5-year return | +24.3% | -12.4% |
| Volatility (ann.) | 66.5% | 67.6% |
| Beta vs S&P 500 | 1.11 | 1.61 |
| Max drawdown (3Y) | -77.9% | -79.6% |
| Market cap | $8.3B | $1.1B |
| P/E (trailing) | 143.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CELH | LAR |
|---|---|---|
| 2022 | +39.5% | -34.9% |
| 2023 | +57.2% | -17.2% |
| 2024 | -51.7% | -58.5% |
| 2025 | +73.7% | +113.0% |
| 2026 | -27.9% | +23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELH and LAR good diversifiers for each other?
Reasonably. At 0.38, CELH and LAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CELH and LAR?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.40 over the last year and 0.36 over 5 years.
Is LAR a good diversifier for CELH?
Reasonably. At 0.38, CELH and LAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/celh-vs-lar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/celh-vs-lar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CELH correlations · LAR correlations
