CELZ vs TPL: Correlation
Creative Medical Technology Holdings, Inc. (CELZ) and Texas Pacific Land Corporation (TPL) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELZ and TPL?
Over the past 3 years, CELZ and TPL moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.33) runs below the 3-year figure (-0.21). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -1107.6 %².
TPL is close to the least connected end of CELZ's tracked universe, ranking #9 of 12. Their recent paths diverged sharply: over the last 12 months TPL outperformed by 87.6 percentage points (-64.8% for CELZ against +22.8% for TPL). One caveat on sizing: CELZ is 2.2 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.
CELZ vs TPL: side by side
| CELZ (Creative Medical Technology Holdings, Inc.) | TPL (Texas Pacific Land Corporation) | |
|---|---|---|
| 1-year return | -64.8% | +22.8% |
| 5-year return | -99.2% | +149.6% |
| Volatility (ann.) | 107.6% | 50.0% |
| Beta vs S&P 500 | 1.42 | 0.62 |
| Max drawdown (3Y) | -89.9% | -52.2% |
| Market cap | – | $25.5B |
| P/E (trailing) | – | 47.2 |
| Dividend yield | 0.00% | 0.61% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | CELZ | TPL |
|---|---|---|
| 2022 | -82.8% | +91.3% |
| 2023 | +21.0% | -32.4% |
| 2024 | -49.9% | +115.3% |
| 2025 | -15.2% | -21.6% |
| 2026 | -41.8% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELZ and TPL good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between CELZ and TPL?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.33 over the last year and -0.07 over 5 years.
Is TPL a good diversifier for CELZ?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/celz-vs-tpl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/celz-vs-tpl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CELZ correlations · TPL correlations
