ADAG vs RVSN: Correlation
Adagene Inc. (ADAG) and Rail Vision Ltd. (RVSN) 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 RVSN?
Across a 3-year window, the weekly returns of ADAG and RVSN correlate at 0.30, moderate. The link has loosened recently: the 1-year correlation (0.04) runs below the 3-year figure (0.30). Stretching to 5 years gives 0.25, with an annualized covariance of 10502.7 %².
By 3-year correlation, RVSN places #4 of the 15 assets tracked against ADAG. Their recent paths diverged sharply: over the last 12 months ADAG outperformed by 176.8 percentage points (+78.1% for ADAG against -98.7% for RVSN). One caveat on sizing: RVSN is 4.0 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 RVSN: side by side
| ADAG (Adagene Inc.) | RVSN (Rail Vision Ltd.) | |
|---|---|---|
| 1-year return | +78.1% | -98.7% |
| 5-year return | -76.8% | -100.0% |
| Volatility (ann.) | 93.1% | 373.5% |
| Beta vs S&P 500 | 0.48 | 1.92 |
| 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 | RVSN |
|---|---|---|
| 2022 | -83.6% | – |
| 2023 | +45.7% | -83.3% |
| 2024 | +3.1% | +38.5% |
| 2025 | -5.0% | -84.6% |
| 2026 | +106.3% | -98.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAG and RVSN good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADAG and RVSN?
As of 2026-08-27, the correlation of weekly returns between ADAG and RVSN is 0.30 over 3 years, 0.04 over 1 year and 0.25 over 5 years.
Is RVSN a good diversifier for ADAG?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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-rvsn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adag-vs-rvsn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADAG correlations · RVSN correlations
