CLBT vs NOW: Correlation
Cellebrite DI Ltd. (CLBT) and ServiceNow (NOW) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLBT and NOW?
Over the past 3 years, CLBT and NOW moved with a correlation of 0.51, which is moderate. The link has tightened recently: the 1-year correlation (0.64) runs above the 3-year figure (0.51). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 1144.5 %².
In CLBT's tracked universe of 12 assets, NOW sits right near the top at #1. Neither side won the trailing year by much: -25.4% against -22.1%.
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 NOW: side by side
| CLBT (Cellebrite DI Ltd.) | NOW (ServiceNow) | |
|---|---|---|
| 1-year return | -25.4% | -22.1% |
| 5-year return | +22.2% | +7.9% |
| Volatility (ann.) | 52.1% | 43.2% |
| Beta vs S&P 500 | 0.97 | 1.38 |
| Max drawdown (3Y) | -59.8% | -64.5% |
| Market cap | $3.1B | $143.1B |
| P/E (trailing) | 51.2 | 78.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CLBT | NOW |
|---|---|---|
| 2022 | -45.6% | -40.2% |
| 2023 | +98.6% | +82.0% |
| 2024 | +154.4% | +50.1% |
| 2025 | -18.2% | -27.7% |
| 2026 | -31.8% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLBT and NOW good diversifiers for each other?
Only partially. A correlation of 0.51 means CLBT and NOW 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 CLBT and NOW?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.64 over the last year and 0.48 over 5 years.
Is NOW a good diversifier for CLBT?
Only partially. A correlation of 0.51 means CLBT and NOW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clbt-vs-now.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clbt-vs-now/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLBT correlations · NOW correlations
