AHCO vs CPIX: Correlation
Measured on weekly returns over the past three years, AdaptHealth Corp. (AHCO) and Cumberland Pharmaceuticals Inc. (CPIX) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHCO and CPIX?
On 3 years of weekly data the AHCO/CPIX correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.37) sits close to the 3-year figure. The 5-year figure is -0.18, and annualized covariance runs at -2043.0 %².
Within AHCO's tracked universe of 21 assets, CPIX comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CPIX outperformed by 265.1 percentage points (-37.0% for AHCO against +228.1% for CPIX). Risk is not evenly split, since CPIX carries 1.9 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 CPIX: side by side
| AHCO (AdaptHealth Corp.) | CPIX (Cumberland Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | -37.0% | +228.1% |
| 5-year return | -75.6% | +295.6% |
| Volatility (ann.) | 62.0% | 117.9% |
| Beta vs S&P 500 | 0.40 | 0.07 |
| Max drawdown (3Y) | -61.0% | -71.9% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHCO | CPIX |
|---|---|---|
| 2022 | -21.4% | -51.8% |
| 2023 | -62.1% | -20.4% |
| 2024 | +30.6% | +32.4% |
| 2025 | +4.6% | +67.9% |
| 2026 | -41.8% | +180.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHCO and CPIX good diversifiers for each other?
Yes. With a correlation of -0.28, AHCO and CPIX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AHCO and CPIX?
As of 2026-08-27, the correlation of weekly returns between AHCO and CPIX is -0.28 over 3 years, -0.37 over 1 year and -0.18 over 5 years.
Is CPIX a good diversifier for AHCO?
Yes. With a correlation of -0.28, AHCO and CPIX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 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/ahco-vs-cpix.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ahco-vs-cpix/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AHCO correlations · CPIX correlations
