CIEN vs TWFG: Correlation
How closely do Ciena (CIEN) and TWFG, Inc. (TWFG) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIEN and TWFG?
Across a 3-year window, the weekly returns of CIEN and TWFG correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.21 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -512.0 %².
Among the 28 assets we track against CIEN, TWFG ranks #23 by 3-year correlation. The last year tells two different stories: CIEN led by 326.6 percentage points, +331.2% for CIEN against +4.6% for TWFG.
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.
CIEN vs TWFG: side by side
| CIEN (Ciena) | TWFG (TWFG, Inc.) | |
|---|---|---|
| 1-year return | +331.2% | +4.6% |
| 5-year return | +598.5% | n/a |
| Volatility (ann.) | 50.1% | 43.1% |
| Beta vs S&P 500 | 1.59 | 0.36 |
| Max drawdown (3Y) | -47.3% | -52.7% |
| Market cap | $56.6B | $0.4B |
| P/E (trailing) | 133.7 | 52.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CIEN | TWFG |
|---|---|---|
| 2022 | -33.8% | – |
| 2023 | -11.7% | – |
| 2024 | +88.4% | – |
| 2025 | +175.8% | -6.6% |
| 2026 | +71.0% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIEN and TWFG good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CIEN and TWFG?
As of 2026-08-27, the correlation of weekly returns between CIEN and TWFG is -0.21 over 3 years, -0.33 over 1 year and n/a over 5 years.
Is TWFG a good diversifier for CIEN?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
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/cien-vs-twfg.json
Markdown for the live badge, attribution link included:
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Related comparisons
Hubs: CIEN correlations · TWFG correlations
