CRNC vs SPCB: Correlation
Cerence Inc. (CRNC) and SuperCom, Ltd. (SPCB) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNC and SPCB?
Across a 3-year window, the weekly returns of CRNC and SPCB correlate at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 6706.0 %².
Within CRNC's tracked universe of 21 assets, SPCB comes in at #10 by 3-year correlation. The last year tells two different stories: SPCB led by 31.9 percentage points, -19.8% for CRNC against +12.1% for SPCB.
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 SPCB: side by side
| CRNC (Cerence Inc.) | SPCB (SuperCom, Ltd.) | |
|---|---|---|
| 1-year return | -19.8% | +12.1% |
| 5-year return | -92.5% | -95.6% |
| Volatility (ann.) | 136.3% | 119.2% |
| Beta vs S&P 500 | 2.35 | 1.19 |
| Max drawdown (3Y) | -90.9% | -84.7% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRNC | SPCB |
|---|---|---|
| 2022 | -75.8% | -68.2% |
| 2023 | +6.1% | -78.1% |
| 2024 | -60.1% | -38.2% |
| 2025 | +36.2% | +87.8% |
| 2026 | -21.3% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNC and SPCB good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRNC and SPCB?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.43 over the last year and 0.39 over 5 years.
Is SPCB a good diversifier for CRNC?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/crnc-vs-spcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crnc-vs-spcb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRNC correlations · SPCB correlations
