ADSE vs AMZE: Correlation
Measured on weekly returns over the past three years, ADS-TEC ENERGY PLC (ADSE) and Amaze Holdings, Inc. (AMZE) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSE and AMZE?
Across a 3-year window, the weekly returns of ADSE and AMZE correlate at 0.26, weak. Recent behaviour matches the longer record: 0.20 over 1 year against 0.26 over 3. Stretching to 5 years gives 0.16, with an annualized covariance of 1785.6 %².
Among the 11 assets we track against ADSE, AMZE ranks #5 by 3-year correlation. The last year tells two different stories: ADSE led by 91.2 percentage points, -8.1% for ADSE against -99.3% for AMZE. Risk is not evenly split, since AMZE carries 2.8 times the volatility of the other side.
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.
ADSE vs AMZE: side by side
| ADSE (ADS-TEC ENERGY PLC) | AMZE (Amaze Holdings, Inc.) | |
|---|---|---|
| 1-year return | -8.1% | -99.3% |
| 5-year return | +14.5% | -100.0% |
| Volatility (ann.) | 49.2% | 139.4% |
| Beta vs S&P 500 | 0.35 | 1.68 |
| Max drawdown (3Y) | -48.1% | -99.9% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADSE | AMZE |
|---|---|---|
| 2022 | -65.8% | -80.8% |
| 2023 | +129.2% | -7.0% |
| 2024 | +116.9% | -36.0% |
| 2025 | -18.2% | -97.2% |
| 2026 | -10.9% | -94.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSE and AMZE good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADSE and AMZE?
As of 2026-08-27, the correlation of weekly returns between ADSE and AMZE is 0.26 over 3 years, 0.20 over 1 year and 0.16 over 5 years.
Is AMZE a good diversifier for ADSE?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 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/adse-vs-amze.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adse-vs-amze/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADSE correlations · AMZE correlations
