ADP vs HURA: Correlation
Measured on weekly returns over the past three years, Automatic Data Processing (ADP) and TuHURA Biosciences, Inc. (HURA) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADP and HURA?
Across a 3-year window, the weekly returns of ADP and HURA correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.22). Stretching to 5 years gives -0.06, with an annualized covariance of -728.3 %².
Within ADP's tracked universe of 43 assets, HURA comes in at #38 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ADP outperformed by 23.1 percentage points (-3.5% for ADP against -26.6% for HURA). Note the risk asymmetry: HURA runs 7.0 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.
ADP vs HURA: side by side
| ADP (Automatic Data Processing) | HURA (TuHURA Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -3.5% | -26.6% |
| 5-year return | +52.0% | -99.9% |
| Volatility (ann.) | 21.7% | 152.6% |
| Beta vs S&P 500 | 0.53 | 0.27 |
| Max drawdown (3Y) | -40.8% | -99.7% |
| Market cap | $113.1B | $0.1B |
| P/E (trailing) | 26.0 | – |
| Dividend yield | 2.36% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ADP | HURA |
|---|---|---|
| 2022 | -1.3% | -73.0% |
| 2023 | -0.2% | -97.5% |
| 2024 | +28.4% | -31.3% |
| 2025 | -10.2% | -81.5% |
| 2026 | +12.4% | +181.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADP and HURA good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ADP and HURA?
The ADP/HURA correlation stands at -0.22 on a 3-year window (1 year: -0.34, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is HURA a good diversifier for ADP?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/adp-vs-hura.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adp-vs-hura/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADP correlations · HURA correlations
