CRNC vs CRNT: Correlation
Measured on weekly returns over the past three years, Cerence Inc. (CRNC) and Ceragon Networks Ltd. (CRNT) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNC and CRNT?
Across a 3-year window, the weekly returns of CRNC and CRNT correlate at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 3079.2 %².
Within CRNC's tracked universe of 21 assets, CRNT comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRNT outperformed by 26.3 percentage points (-19.8% for CRNC against +6.5% for CRNT). Risk is not evenly split, since CRNC carries 2.6 times the volatility of the other side.
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.
CRNC vs CRNT: side by side
| CRNC (Cerence Inc.) | CRNT (Ceragon Networks Ltd.) | |
|---|---|---|
| 1-year return | -19.8% | +6.5% |
| 5-year return | -92.5% | -45.0% |
| Volatility (ann.) | 136.3% | 52.9% |
| Beta vs S&P 500 | 2.35 | 1.19 |
| Max drawdown (3Y) | -90.9% | -66.4% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRNC | CRNT |
|---|---|---|
| 2022 | -75.8% | -26.0% |
| 2023 | +6.1% | +13.1% |
| 2024 | -60.1% | +116.2% |
| 2025 | +36.2% | -55.0% |
| 2026 | -21.3% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNC and CRNT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRNC and CRNT?
As of 2026-08-27, the correlation of weekly returns between CRNC and CRNT is 0.43 over 3 years, 0.37 over 1 year and 0.41 over 5 years.
Is CRNT a good diversifier for CRNC?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/crnc-vs-crnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crnc-vs-crnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRNC correlations · CRNT correlations
