CELU vs GRML: Correlation
How closely do Celularity Inc. (CELU) and Greenland Mines Ltd (GRML) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELU and GRML?
Over the past 3 years, CELU and GRML moved with a correlation of 0.53, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.91 versus 0.53 over 3 years. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 131939.7 %².
Among the 13 assets we track against CELU, GRML ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GRML ahead by 665.2 points (-44.7% versus +620.5%). One caveat on sizing: GRML is 9.1 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 GRML: side by side
| CELU (Celularity Inc.) | GRML (Greenland Mines Ltd) | |
|---|---|---|
| 1-year return | -44.7% | +620.5% |
| 5-year return | -97.5% | -46.8% |
| Volatility (ann.) | 165.1% | 1495.4% |
| Beta vs S&P 500 | 3.11 | 2.17 |
| Max drawdown (3Y) | -91.4% | -99.0% |
| 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 | GRML |
|---|---|---|
| 2022 | -74.8% | – |
| 2023 | -80.9% | +6.3% |
| 2024 | -15.8% | -95.5% |
| 2025 | -46.6% | -40.4% |
| 2026 | +89.2% | +1720.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELU and GRML good diversifiers for each other?
Only partially. A correlation of 0.53 means CELU and GRML share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CELU and GRML?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.91 over the last year and 0.49 over 5 years.
Is GRML a good diversifier for CELU?
Only partially. A correlation of 0.53 means CELU and GRML share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/celu-vs-grml.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/celu-vs-grml/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CELU correlations · GRML correlations
