CELZ vs TSAT: Correlation
Measured on weekly returns over the past three years, Creative Medical Technology Holdings, Inc. (CELZ) and Telesat Corporation - Class A (TSAT) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELZ and TSAT?
Over the past 3 years, CELZ and TSAT moved with a correlation of 0.40, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.40 over 3 years. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 3336.6 %².
By 3-year correlation, TSAT places #6 of the 12 assets tracked against CELZ. Their recent paths diverged sharply: over the last 12 months TSAT outperformed by 191.9 percentage points (-64.8% for CELZ against +127.1% for TSAT).
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 TSAT: side by side
| CELZ (Creative Medical Technology Holdings, Inc.) | TSAT (Telesat Corporation - Class A) | |
|---|---|---|
| 1-year return | -64.8% | +127.1% |
| 5-year return | -99.2% | +10.3% |
| Volatility (ann.) | 107.6% | 76.7% |
| Beta vs S&P 500 | 1.42 | 1.43 |
| Max drawdown (3Y) | -89.9% | -64.5% |
| Market cap | – | $2.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CELZ | TSAT |
|---|---|---|
| 2022 | -82.8% | -73.8% |
| 2023 | +21.0% | +39.1% |
| 2024 | -49.9% | +57.6% |
| 2025 | -15.2% | +77.0% |
| 2026 | -41.8% | +57.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELZ and TSAT good diversifiers for each other?
Reasonably. At 0.40, CELZ and TSAT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CELZ and TSAT?
The CELZ/TSAT correlation stands at 0.40 on a 3-year window (1 year: 0.65, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is TSAT a good diversifier for CELZ?
Reasonably. At 0.40, CELZ and TSAT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/celz-vs-tsat.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/celz-vs-tsat/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CELZ correlations · TSAT correlations
