AHCO vs CELZ: Correlation
AdaptHealth Corp. (AHCO) and Creative Medical Technology Holdings, Inc. (CELZ) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHCO and CELZ?
Over the past 3 years, AHCO and CELZ moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.59) than the 3-year average (-0.24). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -1600.8 %².
Within AHCO's tracked universe of 21 assets, CELZ comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AHCO ahead by 27.8 points (-37.0% versus -64.8%). Risk is not evenly split, since CELZ carries 1.7 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.
AHCO vs CELZ: side by side
| AHCO (AdaptHealth Corp.) | CELZ (Creative Medical Technology Holdings, Inc.) | |
|---|---|---|
| 1-year return | -37.0% | -64.8% |
| 5-year return | -75.6% | -99.2% |
| Volatility (ann.) | 62.0% | 107.6% |
| Beta vs S&P 500 | 0.40 | 1.42 |
| Max drawdown (3Y) | -61.0% | -89.9% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHCO | CELZ |
|---|---|---|
| 2022 | -21.4% | -82.8% |
| 2023 | -62.1% | +21.0% |
| 2024 | +30.6% | -49.9% |
| 2025 | +4.6% | -15.2% |
| 2026 | -41.8% | -41.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHCO and CELZ good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AHCO and CELZ?
The AHCO/CELZ correlation stands at -0.24 on a 3-year window (1 year: -0.59, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is CELZ a good diversifier for AHCO?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AHCO correlations · CELZ correlations
