CRDL vs PLCE: Correlation
Measured on weekly returns over the past three years, Cardiol Therapeutics Inc. - Class A (CRDL) and Children's Place, Inc. (The) (PLCE) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRDL and PLCE?
Across a 3-year window, the weekly returns of CRDL and PLCE correlate at 0.36, moderate. The past 12 months show a weaker link (0.05) than the 3-year average (0.36). Stretching to 5 years gives 0.25, with an annualized covariance of 4440.0 %².
Within CRDL's tracked universe of 10 assets, PLCE comes in at #5 by 3-year correlation. The last year tells two different stories: CRDL led by 131.0 percentage points, +83.9% for CRDL against -47.1% for PLCE. Note the risk asymmetry: PLCE runs 2.1 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.
CRDL vs PLCE: side by side
| CRDL (Cardiol Therapeutics Inc. - Class A) | PLCE (Children's Place, Inc. (The)) | |
|---|---|---|
| 1-year return | +83.9% | -47.1% |
| 5-year return | -43.7% | -97.2% |
| Volatility (ann.) | 77.0% | 159.8% |
| Beta vs S&P 500 | 1.22 | 2.28 |
| Max drawdown (3Y) | -72.7% | -92.3% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRDL | PLCE |
|---|---|---|
| 2022 | -72.4% | -54.1% |
| 2023 | +65.3% | -36.2% |
| 2024 | +51.8% | -55.0% |
| 2025 | -25.5% | -62.0% |
| 2026 | +115.9% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRDL and PLCE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRDL and PLCE?
As of 2026-08-27, the correlation of weekly returns between CRDL and PLCE is 0.36 over 3 years, 0.05 over 1 year and 0.25 over 5 years.
Is PLCE a good diversifier for CRDL?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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/crdl-vs-plce.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crdl-vs-plce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRDL correlations · PLCE correlations
