ADAG vs CTNM: Correlation
Measured on weekly returns over the past three years, Adagene Inc. (ADAG) and Contineum Therapeutics, Inc. (CTNM) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAG and CTNM?
On 3 years of weekly data the ADAG/CTNM correlation comes out at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1999.5 %².
In ADAG's tracked universe of 15 assets, CTNM sits right near the top at #1. On 12-month performance ADAG holds a 5.8-point edge, +78.1% against +72.3%.
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 CTNM: side by side
| ADAG (Adagene Inc.) | CTNM (Contineum Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +78.1% | +72.3% |
| 5-year return | -76.8% | n/a |
| Volatility (ann.) | 93.1% | 72.4% |
| Beta vs S&P 500 | 0.48 | 0.55 |
| Max drawdown (3Y) | -66.5% | -84.4% |
| Market cap | $0.3B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADAG | CTNM |
|---|---|---|
| 2022 | -83.6% | – |
| 2023 | +45.7% | – |
| 2024 | +3.1% | – |
| 2025 | -5.0% | -22.0% |
| 2026 | +106.3% | +50.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAG and CTNM good diversifiers for each other?
Reasonably. At 0.32, ADAG and CTNM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ADAG and CTNM?
The ADAG/CTNM correlation stands at 0.32 on a 3-year window (1 year: 0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CTNM a good diversifier for ADAG?
Reasonably. At 0.32, ADAG and CTNM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adag-vs-ctnm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adag-vs-ctnm/)
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Related comparisons
Hubs: ADAG correlations · CTNM correlations
