CADL vs GCTS: Correlation
Candel Therapeutics, Inc. (CADL) and GCT Semiconductor Holding, Inc. (GCTS) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CADL and GCTS?
Across a 3-year window, the weekly returns of CADL and GCTS correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Stretching to 5 years gives -0.21, with an annualized covariance of -7516.5 %².
Among the 21 assets we track against CADL, GCTS ranks #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CADL outperformed by 85.8 percentage points (+132.7% for CADL against +46.9% for GCTS).
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.
CADL vs GCTS: side by side
| CADL (Candel Therapeutics, Inc.) | GCTS (GCT Semiconductor Holding, Inc.) | |
|---|---|---|
| 1-year return | +132.7% | +46.9% |
| 5-year return | +73.2% | -80.5% |
| Volatility (ann.) | 207.2% | 165.0% |
| Beta vs S&P 500 | 0.60 | 2.00 |
| Max drawdown (3Y) | -72.9% | -97.7% |
| Market cap | $1.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CADL | GCTS |
|---|---|---|
| 2022 | -77.1% | +2.9% |
| 2023 | -17.9% | +3.6% |
| 2024 | +490.5% | -77.9% |
| 2025 | -34.9% | -48.5% |
| 2026 | +143.4% | +59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CADL and GCTS good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CADL and GCTS?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.19 over the last year and -0.21 over 5 years.
Is GCTS a good diversifier for CADL?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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: CADL correlations · GCTS correlations
