CADL vs IZM: Correlation
Measured on weekly returns over the past three years, Candel Therapeutics, Inc. (CADL) and ICZOOM Group Inc. - Class A (IZM) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CADL and IZM?
On 3 years of weekly data the CADL/IZM correlation comes out at 0.43, moderate. The past 12 months show a weaker link (-0.08) than the 3-year average (0.43). The 5-year figure is n/a, and annualized covariance runs at 14025.3 %².
By 3-year correlation, IZM places #6 of the 21 assets tracked against CADL. Correlation aside, the last 12 months split them widely, with CADL ahead by 222.9 points (+132.7% versus -90.2%).
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 IZM: side by side
| CADL (Candel Therapeutics, Inc.) | IZM (ICZOOM Group Inc. - Class A) | |
|---|---|---|
| 1-year return | +132.7% | -90.2% |
| 5-year return | +73.2% | n/a |
| Volatility (ann.) | 207.2% | 159.2% |
| Beta vs S&P 500 | 0.60 | -0.15 |
| Max drawdown (3Y) | -72.9% | -99.5% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | 2.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CADL | IZM |
|---|---|---|
| 2022 | -77.1% | – |
| 2023 | -17.9% | – |
| 2024 | +490.5% | -83.8% |
| 2025 | -34.9% | +50.3% |
| 2026 | +143.4% | -90.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CADL and IZM good diversifiers for each other?
Reasonably. At 0.43, CADL and IZM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CADL and IZM?
The CADL/IZM correlation stands at 0.43 on a 3-year window (1 year: -0.08, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IZM a good diversifier for CADL?
Reasonably. At 0.43, CADL and IZM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cadl-vs-izm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cadl-vs-izm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CADL correlations · IZM correlations
