BCG vs CADL: Correlation
How closely do Binah Capital Group, Inc. (BCG) and Candel Therapeutics, Inc. (CADL) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCG and CADL?
On 3 years of weekly data the BCG/CADL correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.26). The 5-year figure is n/a, and annualized covariance runs at -6664.6 %².
CADL is close to the least connected end of BCG's tracked universe, ranking #14 of 16. The last year tells two different stories: CADL led by 158.7 percentage points, -26.0% for BCG against +132.7% for CADL. Note the risk asymmetry: CADL runs 1.8 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.
BCG vs CADL: side by side
| BCG (Binah Capital Group, Inc.) | CADL (Candel Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -26.0% | +132.7% |
| 5-year return | n/a | +73.2% |
| Volatility (ann.) | 116.2% | 207.2% |
| Beta vs S&P 500 | 0.48 | 0.60 |
| Max drawdown (3Y) | -89.9% | -72.9% |
| Market cap | – | $1.1B |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCG | CADL |
|---|---|---|
| 2022 | – | -77.1% |
| 2023 | – | -17.9% |
| 2024 | – | +490.5% |
| 2025 | -2.0% | -34.9% |
| 2026 | -49.7% | +143.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCG and CADL good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between BCG and CADL?
As of 2026-08-27, the correlation of weekly returns between BCG and CADL is -0.26 over 3 years, -0.04 over 1 year and n/a over 5 years.
Is CADL a good diversifier for BCG?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
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/bcg-vs-cadl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcg-vs-cadl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCG correlations · CADL correlations
