CLBT vs CRM: Correlation
Cellebrite DI Ltd. (CLBT) and Salesforce (CRM) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLBT and CRM?
On 3 years of weekly data the CLBT/CRM correlation comes out at 0.46, moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.46). The 5-year figure is 0.44, and annualized covariance runs at 895.5 %².
Within CLBT's tracked universe of 12 assets, CRM comes in at #4 by 3-year correlation. The last year tells two different stories: CRM led by 27.0 percentage points, -25.4% for CLBT against +1.6% for CRM.
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.
CLBT vs CRM: side by side
| CLBT (Cellebrite DI Ltd.) | CRM (Salesforce) | |
|---|---|---|
| 1-year return | -25.4% | +1.6% |
| 5-year return | +22.2% | -3.2% |
| Volatility (ann.) | 52.1% | 37.6% |
| Beta vs S&P 500 | 0.97 | 1.21 |
| Max drawdown (3Y) | -59.8% | -58.7% |
| Market cap | $3.1B | $207.4B |
| P/E (trailing) | 51.2 | 18.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CLBT | CRM |
|---|---|---|
| 2022 | -45.6% | -47.8% |
| 2023 | +98.6% | +98.5% |
| 2024 | +154.4% | +27.8% |
| 2025 | -18.2% | -20.2% |
| 2026 | -31.8% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLBT and CRM good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLBT and CRM?
As of 2026-08-27, the correlation of weekly returns between CLBT and CRM is 0.46 over 3 years, 0.59 over 1 year and 0.44 over 5 years.
Is CRM a good diversifier for CLBT?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/clbt-vs-crm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clbt-vs-crm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLBT correlations · CRM correlations
