ADIL vs COCH: Correlation
Adial Pharmaceuticals, Inc (ADIL) and Envoy Medical, Inc. (COCH) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADIL and COCH?
On 3 years of weekly data the ADIL/COCH correlation comes out at 0.74, strong. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.74 over 3 years. The 5-year figure is 0.69, and annualized covariance runs at 38653.2 %².
Few assets follow ADIL as closely as COCH, which ranks #3 of 19 tracked partners. Their 12-month results are close: -40.1% for ADIL against -37.5% for COCH.
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.
ADIL vs COCH: side by side
| ADIL (Adial Pharmaceuticals, Inc) | COCH (Envoy Medical, Inc.) | |
|---|---|---|
| 1-year return | -40.1% | -37.5% |
| 5-year return | -99.8% | -92.4% |
| Volatility (ann.) | 203.8% | 256.3% |
| Beta vs S&P 500 | 1.29 | 0.52 |
| Max drawdown (3Y) | -98.8% | -96.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADIL | COCH |
|---|---|---|
| 2022 | -91.9% | +2.9% |
| 2023 | -66.2% | -81.9% |
| 2024 | -45.7% | -21.0% |
| 2025 | -78.2% | -53.8% |
| 2026 | +3.5% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADIL and COCH good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADIL and COCH?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.24 over the last year and 0.69 over 5 years.
Is COCH a good diversifier for ADIL?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ADIL correlations · COCH correlations
