ADMA vs Z: Correlation
Measured on weekly returns over the past three years, ADMA Biologics Inc (ADMA) and Zillow Group, Inc. - Class C Capital Stock (Z) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADMA and Z?
Over the past 3 years, ADMA and Z moved with a correlation of 0.43, which is moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 1164.3 %².
Few assets follow ADMA as closely as Z, which ranks #1 of 10 tracked partners. The trailing year gives ADMA the advantage: -45.0% versus -57.9%, a 12.9-point spread.
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.
ADMA vs Z: side by side
| ADMA (ADMA Biologics Inc) | Z (Zillow Group, Inc. - Class C Capital Stock) | |
|---|---|---|
| 1-year return | -45.0% | -57.9% |
| 5-year return | +612.8% | -63.1% |
| Volatility (ann.) | 59.2% | 46.2% |
| Beta vs S&P 500 | 1.12 | 1.30 |
| Max drawdown (3Y) | -69.0% | -67.4% |
| Market cap | $2.1B | $8.0B |
| P/E (trailing) | 13.7 | 154.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADMA | Z |
|---|---|---|
| 2022 | +175.2% | -49.6% |
| 2023 | +16.5% | +79.6% |
| 2024 | +279.4% | +28.0% |
| 2025 | +6.4% | -7.9% |
| 2026 | -48.0% | -48.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADMA and Z good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADMA and Z?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.36 over the last year and 0.23 over 5 years.
Is Z a good diversifier for ADMA?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/adma-vs-z.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adma-vs-z/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADMA correlations · Z correlations
