ADAG vs ATPC: Correlation
How closely do Adagene Inc. (ADAG) and Agape ATP Corporation (ATPC) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAG and ATPC?
Over the past 3 years, ADAG and ATPC moved with a correlation of 0.28, which is weak. The past 12 months show a tighter link (0.52) than the 3-year average (0.28). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3950.2 %².
Within ADAG's tracked universe of 15 assets, ATPC comes in at #6 by 3-year correlation. The last year tells two different stories: ADAG led by 174.7 percentage points, +78.1% for ADAG against -96.6% for ATPC. One caveat on sizing: ATPC is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ADAG vs ATPC: side by side
| ADAG (Adagene Inc.) | ATPC (Agape ATP Corporation) | |
|---|---|---|
| 1-year return | +78.1% | -96.6% |
| 5-year return | -76.8% | n/a |
| Volatility (ann.) | 93.1% | 151.3% |
| Beta vs S&P 500 | 0.48 | 1.04 |
| Max drawdown (3Y) | -66.5% | -100.0% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADAG | ATPC |
|---|---|---|
| 2022 | -83.6% | – |
| 2023 | +45.7% | – |
| 2024 | +3.1% | -90.8% |
| 2025 | -5.0% | -90.9% |
| 2026 | +106.3% | -55.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAG and ATPC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADAG and ATPC?
As of 2026-08-27, the correlation of weekly returns between ADAG and ATPC is 0.28 over 3 years, 0.52 over 1 year and n/a over 5 years.
Is ATPC a good diversifier for ADAG?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ADAG correlations · ATPC correlations
