ADSK vs ARTL: Correlation
Autodesk (ADSK) and Artelo Biosciences, Inc. (ARTL) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and ARTL?
Across a 3-year window, the weekly returns of ADSK and ARTL correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -824.0 %².
By 3-year correlation, ARTL places #35 of the 44 assets tracked against ADSK. Correlation aside, the last 12 months split them widely, with ADSK ahead by 92.2 points (-5.4% versus -97.6%). Risk is not evenly split, since ARTL carries 4.4 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.
ADSK vs ARTL: side by side
| ADSK (Autodesk) | ARTL (Artelo Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -5.4% | -97.6% |
| 5-year return | -13.7% | -99.7% |
| Volatility (ann.) | 30.9% | 136.9% |
| Beta vs S&P 500 | 1.04 | -0.54 |
| Max drawdown (3Y) | -42.6% | -99.2% |
| Market cap | $57.1B | – |
| P/E (trailing) | 37.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADSK | ARTL |
|---|---|---|
| 2022 | -33.5% | -62.9% |
| 2023 | +30.3% | -51.6% |
| 2024 | +21.4% | -24.3% |
| 2025 | +0.1% | -80.8% |
| 2026 | -8.6% | -81.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and ARTL good diversifiers for each other?
Yes. With a correlation of -0.19, ADSK and ARTL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ADSK and ARTL?
As of 2026-08-27, the correlation of weekly returns between ADSK and ARTL is -0.19 over 3 years, -0.23 over 1 year and -0.08 over 5 years.
Is ARTL a good diversifier for ADSK?
Yes. With a correlation of -0.19, ADSK and ARTL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adsk-vs-artl.json
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Related comparisons
Hubs: ADSK correlations · ARTL correlations
