Which stocks are most correlated with CLBT?

Based on one year of daily returns, the stocks most correlated with Cellebrite DI Ltd. Class A Ordinary Shares (CLBT) are DAT (0.51), NOW (0.50) and IGV (0.49). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with CLBT?

Over the past year, the stocks most inversely correlated with Cellebrite DI Ltd. Class A Ordinary Shares (CLBT) are XHG (-0.42), WEBS (-0.39) and PALD (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.

Cellebrite DI Ltd. Class A Ordinary Shares (CLBT) — Stock Correlations & Overview

Over the past year, CLBT has moved most closely with DAT, NOW, IGV. Explore the stocks most correlated and inversely correlated with CLBT below, along with its price, financials, and company profile.

Stocks correlated with CLBT

Correlation of daily returns. Higher positive values move with CLBT; negative values move opposite it. Informational only, not investment advice.

Most correlated with CLBT

Symbol	Company	Correlation
DAT	ProShares Big Data Refiners ETF	0.51
NOW	SERVICENOW, INC.SERVICES-PREPACKAGED SOFTWARE	0.50
IGV	iShares Expanded Tech-Software Sector ETF	0.49
WCLD	WisdomTree Cloud Computing Fund	0.49
NOWL	GraniteShares 2x Long NOW Daily ETF	0.49

Most inversely correlated with CLBT

Symbol	Company	Correlation
XHG	XChange TEC.INC American Depositary Shares	-0.42
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.39
PALD	Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF	-0.35
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.33
PLTD	Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF	-0.31

Frequently asked questions about CLBT correlations

Which stocks are most correlated with CLBT?: Based on one year of daily returns, the stocks most correlated with Cellebrite DI Ltd. Class A Ordinary Shares (CLBT) are DAT (0.51), NOW (0.50) and IGV (0.49). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with CLBT?: Over the past year, the stocks most inversely correlated with Cellebrite DI Ltd. Class A Ordinary Shares (CLBT) are XHG (-0.42), WEBS (-0.39) and PALD (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these CLBT correlations calculated?: We compute the correlation of daily returns between CLBT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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