CLBT vs NYAX: Correlation
Measured on weekly returns over the past three years, Cellebrite DI Ltd. (CLBT) and Nayax Ltd. (NYAX) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLBT and NYAX?
Across a 3-year window, the weekly returns of CLBT and NYAX correlate at 0.34, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.51 versus 0.34 over 3 years. Stretching to 5 years gives 0.33, with an annualized covariance of 858.7 %².
By 3-year correlation, NYAX places #6 of the 12 assets tracked against CLBT. Correlation aside, the last 12 months split them widely, with NYAX ahead by 34.8 points (-25.4% versus +9.4%).
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 NYAX: side by side
| CLBT (Cellebrite DI Ltd.) | NYAX (Nayax Ltd.) | |
|---|---|---|
| 1-year return | -25.4% | +9.4% |
| 5-year return | +22.2% | n/a |
| Volatility (ann.) | 52.1% | 48.8% |
| Beta vs S&P 500 | 0.97 | 0.48 |
| Max drawdown (3Y) | -59.8% | -39.1% |
| Market cap | $3.1B | $2.0B |
| P/E (trailing) | 51.2 | 261.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLBT | NYAX |
|---|---|---|
| 2022 | -45.6% | – |
| 2023 | +98.6% | -3.3% |
| 2024 | +154.4% | +53.1% |
| 2025 | -18.2% | +73.5% |
| 2026 | -31.8% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLBT and NYAX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLBT and NYAX?
As of 2026-08-27, the correlation of weekly returns between CLBT and NYAX is 0.34 over 3 years, 0.51 over 1 year and 0.33 over 5 years.
Is NYAX a good diversifier for CLBT?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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-nyax.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clbt-vs-nyax/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLBT correlations · NYAX correlations
