Correlation Between Varonis Systems and Cellebrite

Can any of the company-specific risk be diversified away by investing in both Varonis Systems and Cellebrite at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Varonis Systems and Cellebrite into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Varonis Systems and Cellebrite DI, you can compare the effects of market volatilities on Varonis Systems and Cellebrite and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Varonis Systems with a short position of Cellebrite. Check out your portfolio center. Please also check ongoing floating volatility patterns of Varonis Systems and Cellebrite.

Diversification Opportunities for Varonis Systems and Cellebrite

0.36

Correlation Coefficient

Varonis Systems  Cellebrite

Weak diversification

The 3 months correlation between Varonis and Cellebrite is 0.36. Overlapping area represents the amount of risk that can be diversified away by holding Varonis Systems and Cellebrite DI in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cellebrite DI and Varonis Systems is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Varonis Systems are associated (or correlated) with Cellebrite. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cellebrite DI has no effect on the direction of Varonis Systems i.e., Varonis Systems and Cellebrite go up and down completely randomly.

Pair Corralation between Varonis Systems and Cellebrite

Given the investment horizon of 90 days Varonis Systems is expected to under-perform the Cellebrite. In addition to that, Varonis Systems is 1.88 times more volatile than Cellebrite DI. It trades about -0.11 of its total potential returns per unit of risk. Cellebrite DI is currently generating about -0.01 per unit of volatility. If you would invest  1,899  in Cellebrite DI on October 8, 2025 and sell it today you would lose (93.00) from holding Cellebrite DI or give up 4.9% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

Varonis Systems  vs.  Cellebrite DI

Varonis Systems

Risk-Adjusted Performance

Weakest

Over the last 90 days Varonis Systems has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in February 2026. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Cellebrite DI

Risk-Adjusted Performance

Weakest

Over the last 90 days Cellebrite DI has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable fundamental drivers, Cellebrite is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Varonis Systems and Cellebrite

The main advantage of trading using opposite Varonis Systems and Cellebrite positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Varonis Systems position performs unexpectedly, Cellebrite can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cellebrite will offset losses from the drop in Cellebrite's long position.

The idea behind Varonis Systems and Cellebrite DI pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.