ADAG vs IKT: Correlation
Adagene Inc. (ADAG) and Inhibikase Therapeutics, Inc. (IKT) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAG and IKT?
Over the past 3 years, ADAG and IKT moved with a correlation of 0.30, which is moderate. The past 12 months show a weaker link (0.11) than the 3-year average (0.30). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 2644.7 %².
IKT is one of the assets that tracks ADAG most closely: it ranks #3 out of the 15 assets we track against ADAG. Correlation aside, the last 12 months split them widely, with ADAG ahead by 40.1 points (+78.1% versus +38.0%).
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 IKT: side by side
| ADAG (Adagene Inc.) | IKT (Inhibikase Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +78.1% | +38.0% |
| 5-year return | -76.8% | -81.3% |
| Volatility (ann.) | 93.1% | 94.9% |
| Beta vs S&P 500 | 0.48 | 1.74 |
| Max drawdown (3Y) | -66.5% | -65.4% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADAG | IKT |
|---|---|---|
| 2022 | -83.6% | -66.0% |
| 2023 | +45.7% | -57.7% |
| 2024 | +3.1% | +155.9% |
| 2025 | -5.0% | -36.9% |
| 2026 | +106.3% | +20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAG and IKT good diversifiers for each other?
Reasonably. At 0.30, ADAG and IKT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ADAG and IKT?
The ADAG/IKT correlation stands at 0.30 on a 3-year window (1 year: 0.11, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is IKT a good diversifier for ADAG?
Reasonably. At 0.30, ADAG and IKT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adag-vs-ikt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adag-vs-ikt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADAG correlations · IKT correlations
