ADIL vs CPHC: Correlation
Adial Pharmaceuticals, Inc (ADIL) and Canterbury Park Holding Corporation (CPHC) 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 ADIL and CPHC?
Over the past 3 years, ADIL and CPHC moved with a correlation of 0.30, which is moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.30). Over 5 years the correlation is 0.14, and the annualized covariance of weekly returns is 1735.3 %².
By 3-year correlation, CPHC places #13 of the 19 assets tracked against ADIL. The last year tells two different stories: CPHC led by 36.8 percentage points, -40.1% for ADIL against -3.3% for CPHC. Note the risk asymmetry: ADIL runs 7.3 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.
ADIL vs CPHC: side by side
| ADIL (Adial Pharmaceuticals, Inc) | CPHC (Canterbury Park Holding Corporation) | |
|---|---|---|
| 1-year return | -40.1% | -3.3% |
| 5-year return | -99.8% | +6.8% |
| Volatility (ann.) | 203.8% | 28.1% |
| Beta vs S&P 500 | 1.29 | 0.10 |
| Max drawdown (3Y) | -98.8% | -48.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 793.5 |
| Dividend yield | 0.00% | 1.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADIL | CPHC |
|---|---|---|
| 2022 | -91.9% | +83.8% |
| 2023 | -66.2% | -33.8% |
| 2024 | -45.7% | +1.7% |
| 2025 | -78.2% | -23.6% |
| 2026 | +3.5% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADIL and CPHC good diversifiers for each other?
Reasonably. At 0.30, ADIL and CPHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ADIL and CPHC?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.17 over the last year and 0.14 over 5 years.
Is CPHC a good diversifier for ADIL?
Reasonably. At 0.30, ADIL and CPHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adil-vs-cphc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adil-vs-cphc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADIL correlations · CPHC correlations
