CADL vs SACH: Correlation
Candel Therapeutics, Inc. (CADL) and Sachem Capital Corp. (SACH) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CADL and SACH?
On 3 years of weekly data the CADL/SACH correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.12 versus -0.20 over 3 years. The 5-year figure is -0.15, and annualized covariance runs at -1854.3 %².
By 3-year correlation, SACH places #14 of the 21 assets tracked against CADL. The last year tells two different stories: CADL led by 147.9 percentage points, +132.7% for CADL against -15.2% for SACH. Note the risk asymmetry: CADL runs 4.7 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.
CADL vs SACH: side by side
| CADL (Candel Therapeutics, Inc.) | SACH (Sachem Capital Corp.) | |
|---|---|---|
| 1-year return | +132.7% | -15.2% |
| 5-year return | +73.2% | -65.5% |
| Volatility (ann.) | 207.2% | 43.9% |
| Beta vs S&P 500 | 0.60 | 0.62 |
| Max drawdown (3Y) | -72.9% | -78.7% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 11.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CADL | SACH |
|---|---|---|
| 2022 | -77.1% | -35.8% |
| 2023 | -17.9% | +29.5% |
| 2024 | +490.5% | -60.5% |
| 2025 | -34.9% | -9.2% |
| 2026 | +143.4% | -8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CADL and SACH good diversifiers for each other?
Yes. With a correlation of -0.20, CADL and SACH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CADL and SACH?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with 0.12 over the last year and -0.15 over 5 years.
Is SACH a good diversifier for CADL?
Yes. With a correlation of -0.20, CADL and SACH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/cadl-vs-sach.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cadl-vs-sach/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CADL correlations · SACH correlations
