CELU vs GAME: Correlation
Celularity Inc. (CELU) and GameSquare Holdings, Inc. (GAME) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELU and GAME?
Over the past 3 years, CELU and GAME moved with a correlation of 0.56, which is moderate. The past 12 months show a tighter link (0.91) than the 3-year average (0.56). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 37130.9 %².
Few assets follow CELU as closely as GAME, which ranks #3 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months GAME outperformed by 351.8 percentage points (-44.7% for CELU against +307.1% for GAME). One caveat on sizing: GAME is 2.4 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.
CELU vs GAME: side by side
| CELU (Celularity Inc.) | GAME (GameSquare Holdings, Inc.) | |
|---|---|---|
| 1-year return | -44.7% | +307.1% |
| 5-year return | -97.5% | -88.4% |
| Volatility (ann.) | 165.1% | 398.8% |
| Beta vs S&P 500 | 3.11 | 1.64 |
| Max drawdown (3Y) | -91.4% | -90.7% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CELU | GAME |
|---|---|---|
| 2022 | -74.8% | -67.8% |
| 2023 | -80.9% | -53.8% |
| 2024 | -15.8% | -54.4% |
| 2025 | -46.6% | -53.3% |
| 2026 | +89.2% | +736.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELU and GAME good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CELU and GAME?
The CELU/GAME correlation stands at 0.56 on a 3-year window (1 year: 0.91, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is GAME a good diversifier for CELU?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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/celu-vs-game.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/celu-vs-game/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CELU correlations · GAME correlations
