ADAG vs RF: Correlation
Measured on weekly returns over the past three years, Adagene Inc. (ADAG) and Regions Financial Corporation (RF) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAG and RF?
Across a 3-year window, the weekly returns of ADAG and RF correlate at -0.16, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.28) than the 3-year average (-0.16). Stretching to 5 years gives -0.04, with an annualized covariance of -432.9 %².
Within ADAG's tracked universe of 15 assets, RF comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ADAG ahead by 62.7 points (+78.1% versus +15.4%). Note the risk asymmetry: ADAG runs 3.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RF: side by side
| ADAG (Adagene Inc.) | RF (Regions Financial Corporation) | |
|---|---|---|
| 1-year return | +78.1% | +15.4% |
| 5-year return | -76.8% | +83.5% |
| Volatility (ann.) | 93.1% | 29.2% |
| Beta vs S&P 500 | 0.48 | 1.09 |
| Max drawdown (3Y) | -66.5% | -31.9% |
| Market cap | $0.3B | $25.9B |
| P/E (trailing) | – | 12.4 |
| Dividend yield | 0.00% | 3.45% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ADAG | RF |
|---|---|---|
| 2022 | -83.6% | +2.3% |
| 2023 | +45.7% | -5.7% |
| 2024 | +3.1% | +27.0% |
| 2025 | -5.0% | +20.2% |
| 2026 | +106.3% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAG and RF good diversifiers for each other?
Yes. With a correlation of -0.16, ADAG and RF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ADAG and RF?
As of 2026-08-27, the correlation of weekly returns between ADAG and RF is -0.16 over 3 years, -0.28 over 1 year and -0.04 over 5 years.
Is RF a good diversifier for ADAG?
Yes. With a correlation of -0.16, ADAG and RF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 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-rf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adag-vs-rf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADAG correlations · RF correlations
