CRNT vs UMAC: Correlation
How closely do Ceragon Networks Ltd. (CRNT) and Unusual Machines, Inc. (UMAC) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNT and UMAC?
On 3 years of weekly data the CRNT/UMAC correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 5766.1 %².
Among the 11 assets we track against CRNT, UMAC ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UMAC outperformed by 150.6 percentage points (+6.5% for CRNT against +157.1% for UMAC). Risk is not evenly split, since UMAC carries 4.7 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.
CRNT vs UMAC: side by side
| CRNT (Ceragon Networks Ltd.) | UMAC (Unusual Machines, Inc.) | |
|---|---|---|
| 1-year return | +6.5% | +157.1% |
| 5-year return | -45.0% | n/a |
| Volatility (ann.) | 52.9% | 248.9% |
| Beta vs S&P 500 | 1.19 | 3.43 |
| Max drawdown (3Y) | -66.4% | -75.6% |
| Market cap | $0.2B | $1.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRNT | UMAC |
|---|---|---|
| 2022 | -26.0% | – |
| 2023 | +13.1% | – |
| 2024 | +116.2% | – |
| 2025 | -55.0% | -24.3% |
| 2026 | +1.9% | +106.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNT and UMAC good diversifiers for each other?
Reasonably. At 0.43, CRNT and UMAC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRNT and UMAC?
The CRNT/UMAC correlation stands at 0.43 on a 3-year window (1 year: 0.47, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UMAC a good diversifier for CRNT?
Reasonably. At 0.43, CRNT and UMAC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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/crnt-vs-umac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crnt-vs-umac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRNT correlations · UMAC correlations
