ADIL vs ROOT: Correlation
Measured on weekly returns over the past three years, Adial Pharmaceuticals, Inc (ADIL) and Root, Inc. (ROOT) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADIL and ROOT?
On 3 years of weekly data the ADIL/ROOT correlation comes out at 0.42, moderate. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.42). The 5-year figure is 0.34, and annualized covariance runs at 11051.5 %².
By 3-year correlation, ROOT places #10 of the 19 assets tracked against ADIL. Neither side won the trailing year by much: -40.1% against -38.1%. One caveat on sizing: ADIL is 1.6 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 ROOT: side by side
| ADIL (Adial Pharmaceuticals, Inc) | ROOT (Root, Inc.) | |
|---|---|---|
| 1-year return | -40.1% | -38.1% |
| 5-year return | -99.8% | -52.1% |
| Volatility (ann.) | 203.8% | 127.9% |
| Beta vs S&P 500 | 1.29 | 1.45 |
| Max drawdown (3Y) | -98.8% | -75.7% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADIL | ROOT |
|---|---|---|
| 2022 | -91.9% | -92.0% |
| 2023 | -66.2% | +133.4% |
| 2024 | -45.7% | +592.7% |
| 2025 | -78.2% | -0.5% |
| 2026 | +3.5% | -23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADIL and ROOT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADIL and ROOT?
The ADIL/ROOT correlation stands at 0.42 on a 3-year window (1 year: 0.21, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is ROOT a good diversifier for ADIL?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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-root.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adil-vs-root/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADIL correlations · ROOT correlations
