Cellebrite Correlations

CLBT Stock

USD 14.29 0.03 0.21%

The current 90-days correlation between Cellebrite DI and SentinelOne is 0.33 (i.e., Weak diversification). The correlation of Cellebrite is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Cellebrite Correlation With Market

Weak diversification

The correlation between Cellebrite DI and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cellebrite DI and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cellebrite Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cellebrite DI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Cellebrite Stock

0.72

EXOD

Exodus Movement,

Pair Corr

Moving against Cellebrite Stock

0.92	MQ	Marqeta	Pair Corr
0.86	JG	Aurora Mobile Downward Rally	Pair Corr
0.86	VRNS	Varonis Systems Earnings Call This Week	Pair Corr
0.85	FFIV	F5 Networks Earnings Call This Week	Pair Corr
0.85	FOUR	Shift4 Payments	Pair Corr
0.82	ZS	Zscaler	Pair Corr
0.74	VRAR	Glimpse Group	Pair Corr
0.68	BB	BlackBerry	Pair Corr
0.68	FLYW	Flywire Corp	Pair Corr
0.65	NN	Nextnav Acquisition Corp	Pair Corr
0.58	VRNT	Verint Systems Tech Boost	Pair Corr
0.54	FAAS	DigiAsia Corp	Pair Corr
0.49	BOX	Box Inc	Pair Corr
0.47	FIVN	Five9 Inc	Pair Corr
0.45	VRSN	VeriSign Earnings Call Today	Pair Corr
0.36	FAASW	DigiAsia Corp	Pair Corr
0.95	TCX	Tucows Inc	Pair Corr
0.9	NET	Cloudflare	Pair Corr
0.87	PGY	Pagaya Technologies Trending	Pair Corr
0.87	WEX	Wex Inc Earnings Call Today	Pair Corr
0.85	XYZ	Block, Inc Symbol Change	Pair Corr
0.84	DLO	Dlocal	Pair Corr
0.8	GEN	Gen Digital	Pair Corr
0.8	MDB	MongoDB	Pair Corr
0.77	SOS	SOS Limited	Pair Corr
0.67	GENVR	Gen Digital Contingent	Pair Corr
0.66	VHC	VirnetX Holding Corp Tech Boost	Pair Corr
0.64	ODD	ODDITY Tech	Pair Corr
0.48	TLS	Telos Corp	Pair Corr

Related Correlations Analysis

	S	AI	BB	JG	MQ	NN	ZS	DOCN
S		0.04	0.02	-0.1	-0.07	0.04	-0.16	0.64	S
AI	0.04		0.6	0.78	0.8	0.56	0.72	0.01	AI
BB	0.02	0.6		0.79	0.85	0.62	0.91	-0.25	BB
JG	-0.1	0.78	0.79		0.91	0.66	0.82	-0.33	JG
MQ	-0.07	0.8	0.85	0.91		0.67	0.92	-0.3	MQ
NN	0.04	0.56	0.62	0.66	0.67		0.63	-0.07	NN
ZS	-0.16	0.72	0.91	0.82	0.92	0.63		-0.28	ZS
DOCN	0.64	0.01	-0.25	-0.33	-0.3	-0.07	-0.28		DOCN
	S	AI	BB	JG	MQ	NN	ZS	DOCN

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ZS	+ 0.92	MQ
ZS	+ 0.91	BB
MQ	+ 0.91	JG
MQ	+ 0.85	BB
ZS	+ 0.82	JG
MQ	+ 0.8	AI

High negative correlations

DOCN	- 0.33	JG
DOCN	- 0.3	MQ
DOCN	- 0.28	ZS
DOCN	- 0.25	BB
ZS	- 0.16	S
JG	- 0.1	S

Risk-Adjusted Indicators

There is a big difference between Cellebrite Stock performing well and Cellebrite Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cellebrite's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
S	1.86	(0.01)	0.01	0.16	2.62	(1.97)	5.07	(3.52)	17.40
AI	2.62	0.38	0.19	0.41	2.16	(3.63)	5.28	(4.06)	26.86
BB	1.95	0.17	0.08	0.33	1.83	(2.30)	3.79	(2.84)	17.71
JG	3.15	0.37	0.11	0.53	3.06	(3.66)	6.51	(5.49)	17.97
MQ	1.63	0.00	0.22	0.00	1.59	(1.93)	3.87	(2.60)	14.30
NN	2.39	0.24	0.08	0.40	2.96	(2.48)	4.39	(5.81)	18.43
ZS	1.30	0.41	0.20	0.71	1.30	(1.54)	3.61	(2.11)	16.21
DOCN	2.37	(0.33)	(0.02)	0.04	3.65	(2.34)	5.88	(5.04)	19.78

Cellebrite Corporate Management

Yossi Carmil	CEO Founder	Profile
Zohar TadmorEilat	Chief Officer	Profile
Sigalit Shavit	Chief Officer	Profile
Osnat Tirosh	Chief Officer	Profile
David Gee	Chief Officer	Profile
Adam Jaffe	VP Communications	Profile

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