Cellebrite Correlations

CLBT Stock

USD 24.00 0.04 0.17%

The current 90-days correlation between Cellebrite DI and Consensus Cloud Solutions is 0.04 (i.e., Significant 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

Modest diversification

The correlation between Cellebrite DI and DJI is 0.26 (i.e., Modest 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.

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

0.92	BB	BlackBerry Aggressive Push	Pair Corr
0.87	GB	Global Blue Group	Pair Corr
0.64	SQ	BLOCK INC Symbol Change	Pair Corr
0.72	VRAR	Glimpse Group	Pair Corr
0.9	VRSN	VeriSign Earnings Call This Week	Pair Corr
0.75	EXOD	Exodus Movement, Trending	Pair Corr
0.82	CETXP	Cemtrex Pref	Pair Corr
0.81	FFIV	F5 Networks Tech Boost	Pair Corr
0.71	FOUR	Shift4 Payments	Pair Corr
0.9	DBX	Dropbox	Pair Corr
0.79	DLO	Dlocal Tech Boost	Pair Corr
0.67	HCP	Hashicorp Sell-off Trend	Pair Corr
0.9	NET	Cloudflare Earnings Call This Week	Pair Corr

Moving against Cellebrite Stock

0.84	VRNS	Varonis Systems Earnings Call This Week	Pair Corr
0.72	DTSS	Datasea	Pair Corr
0.71	S	SentinelOne	Pair Corr
0.54	MQ	Marqeta	Pair Corr
0.52	VHAI	VHAI	Pair Corr
0.34	DOCN	DigitalOcean Holdings Sell-off Trend	Pair Corr
0.33	EVCM	EverCommerce Potential Growth	Pair Corr
0.77	SOS	SOS Limited	Pair Corr
0.62	GCT	GigaCloud Technology Tech Boost	Pair Corr
0.57	PGY	Pagaya Technologies Buyout Trend	Pair Corr
0.47	RXT	Rackspace Technology	Pair Corr
0.45	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.45	BOX	Box Inc	Pair Corr
0.45	DOX	Amdocs Earnings Call This Week	Pair Corr
0.39	IOT	Samsara Tech Boost	Pair Corr
0.39	MDB	MongoDB	Pair Corr
0.37	GEN	Gen Digital	Pair Corr

Related Correlations Analysis

	CSGS	CCSI	STER	SCWX	EVTC	GB	LVOX	ESMT	EVCM
CSGS		0.8	0.33	0.2	0.53	0.05	-0.39	0.18	0.47	CSGS
CCSI	0.8		0.35	0.29	0.19	0.28	-0.26	0.22	0.18	CCSI
STER	0.33	0.35		0.74	-0.13	0.81	-0.23	0.79	-0.22	STER
SCWX	0.2	0.29	0.74		-0.09	0.59	0.22	0.72	-0.04	SCWX
EVTC	0.53	0.19	-0.13	-0.09		-0.4	-0.35	-0.1	0.9	EVTC
GB	0.05	0.28	0.81	0.59	-0.4		-0.13	0.7	-0.55	GB
LVOX	-0.39	-0.26	-0.23	0.22	-0.35	-0.13		-0.11	-0.19	LVOX
ESMT	0.18	0.22	0.79	0.72	-0.1	0.7	-0.11		-0.16	ESMT
EVCM	0.47	0.18	-0.22	-0.04	0.9	-0.55	-0.19	-0.16		EVCM
	CSGS	CCSI	STER	SCWX	EVTC	GB	LVOX	ESMT	EVCM

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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

EVCM	+ 0.9	EVTC
GB	+ 0.81	STER
CCSI	+ 0.8	CSGS
ESMT	+ 0.79	STER
SCWX	+ 0.74	STER
ESMT	+ 0.72	SCWX

High negative correlations

EVCM	- 0.55	GB
GB	- 0.4	EVTC
LVOX	- 0.39	CSGS
LVOX	- 0.35	EVTC
LVOX	- 0.26	CCSI
LVOX	- 0.23	STER

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
CSGS	1.22	0.26	0.18	0.43	1.08	(1.42)	2.66	(1.64)	13.96
CCSI	1.88	0.60	0.24	1.45	1.78	(2.15)	4.16	(3.41)	20.68
STER	0.66	0.10	0.02	(1.01)	0.93	(0.71)	1.77	(1.22)	7.04
SCWX	0.13	0.00	(0.34)	0.24	0.04	(0.20)	0.36	(0.24)	1.07
EVTC	1.17	(0.05)	0.00	(0.06)	0.00	0.00	2.77	(2.30)	10.78
GB	2.28	0.46	0.12	5.84	2.68	(2.48)	4.77	(4.49)	22.78
LVOX	2.06	0.02	0.00	0.04	0.00	0.00	4.81	(4.26)	19.68
ESMT	1.57	0.11	0.02	(1.22)	1.90	(1.59)	3.90	(2.93)	9.34
EVCM	1.51	(0.02)	(0.02)	0.03	2.31	(1.49)	3.22	(3.32)	13.03

Cellebrite Corporate Management

Yossi Carmil	CEO Founder	Profile
Zohar TadmorEilat	Chief Officer	Profile
Osnat Tirosh	Chief Officer	Profile
David Gee	Chief Officer	Profile
Adam Jaffe	VP Communications	Profile
Ayala Shapira	General Counsel	Profile

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