ADIL vs KODK: Correlation
How closely do Adial Pharmaceuticals, Inc (ADIL) and Eastman Kodak Company Common New (KODK) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADIL and KODK?
Across a 3-year window, the weekly returns of ADIL and KODK correlate at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.49). Stretching to 5 years gives 0.38, with an annualized covariance of 6836.4 %².
By 3-year correlation, KODK places #7 of the 19 assets tracked against ADIL. Correlation aside, the last 12 months split them widely, with KODK ahead by 101.7 points (-40.1% versus +61.6%). Risk is not evenly split, since ADIL carries 3.0 times the volatility of the other side.
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 KODK: side by side
| ADIL (Adial Pharmaceuticals, Inc) | KODK (Eastman Kodak Company Common New) | |
|---|---|---|
| 1-year return | -40.1% | +61.6% |
| 5-year return | -99.8% | +31.0% |
| Volatility (ann.) | 203.8% | 68.0% |
| Beta vs S&P 500 | 1.29 | 1.59 |
| Max drawdown (3Y) | -98.8% | -47.2% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADIL | KODK |
|---|---|---|
| 2022 | -91.9% | -34.8% |
| 2023 | -66.2% | +27.9% |
| 2024 | -45.7% | +68.5% |
| 2025 | -78.2% | +28.8% |
| 2026 | +3.5% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADIL and KODK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADIL and KODK?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.10 over the last year and 0.38 over 5 years.
Is KODK a good diversifier for ADIL?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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-kodk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adil-vs-kodk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADIL correlations · KODK correlations
