ADIL vs PSNY: Correlation
How closely do Adial Pharmaceuticals, Inc (ADIL) and Polestar Automotive Holding UK Limited - Class A (PSNY) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADIL and PSNY?
On 3 years of weekly data the ADIL/PSNY correlation comes out at 0.34, moderate. The link has loosened recently: the 1-year correlation (0.04) runs below the 3-year figure (0.34). The 5-year figure is 0.29, and annualized covariance runs at 6363.3 %².
By 3-year correlation, PSNY places #12 of the 19 assets tracked against ADIL. Their recent paths diverged sharply: over the last 12 months ADIL outperformed by 27.8 percentage points (-40.1% for ADIL against -67.9% for PSNY). One caveat on sizing: ADIL is 2.2 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.
ADIL vs PSNY: side by side
| ADIL (Adial Pharmaceuticals, Inc) | PSNY (Polestar Automotive Holding UK Limited - Class A) | |
|---|---|---|
| 1-year return | -40.1% | -67.9% |
| 5-year return | -99.8% | -95.8% |
| Volatility (ann.) | 203.8% | 93.2% |
| Beta vs S&P 500 | 1.29 | 1.64 |
| Max drawdown (3Y) | -98.8% | -89.5% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADIL | PSNY |
|---|---|---|
| 2022 | -91.9% | -54.6% |
| 2023 | -66.2% | -57.4% |
| 2024 | -45.7% | -53.5% |
| 2025 | -78.2% | -32.2% |
| 2026 | +3.5% | -41.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADIL and PSNY good diversifiers for each other?
Reasonably. At 0.34, ADIL and PSNY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ADIL and PSNY?
As of 2026-08-27, the correlation of weekly returns between ADIL and PSNY is 0.34 over 3 years, 0.04 over 1 year and 0.29 over 5 years.
Is PSNY a good diversifier for ADIL?
Reasonably. At 0.34, ADIL and PSNY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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-psny.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adil-vs-psny/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADIL correlations · PSNY correlations
