ADIL vs TPCS: Correlation
How closely do Adial Pharmaceuticals, Inc (ADIL) and TechPrecision Corporation (TPCS) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADIL and TPCS?
On 3 years of weekly data the ADIL/TPCS correlation comes out at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.45 over 3 years. The 5-year figure is 0.38, and annualized covariance runs at 6551.6 %².
Among the 19 assets we track against ADIL, TPCS ranks #9 by 3-year correlation. The last year tells two different stories: TPCS led by 43.6 percentage points, -40.1% for ADIL against +3.5% for TPCS. Note the risk asymmetry: ADIL runs 2.9 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 TPCS: side by side
| ADIL (Adial Pharmaceuticals, Inc) | TPCS (TechPrecision Corporation) | |
|---|---|---|
| 1-year return | -40.1% | +3.5% |
| 5-year return | -99.8% | -11.6% |
| Volatility (ann.) | 203.8% | 71.2% |
| Beta vs S&P 500 | 1.29 | 0.74 |
| Max drawdown (3Y) | -98.8% | -71.6% |
| 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 | TPCS |
|---|---|---|
| 2022 | -91.9% | +2.0% |
| 2023 | -66.2% | -37.4% |
| 2024 | -45.7% | -29.5% |
| 2025 | -78.2% | +32.3% |
| 2026 | +3.5% | +14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADIL and TPCS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADIL and TPCS?
The ADIL/TPCS correlation stands at 0.45 on a 3-year window (1 year: 0.14, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is TPCS a good diversifier for ADIL?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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
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Related comparisons
Hubs: ADIL correlations · TPCS correlations
