Co-Diagnostics, Inc. (CODX)

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The chart shows the growth of an initial investment of $10,000 in Co-Diagnostics, Inc., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Co-Diagnostics, Inc. (CODX) has returned -63.23% so far this year and -79.97% over the past 12 months.

Based on dividend-adjusted daily data since Jul 12, 2017, CODX's average daily return is +0.19%, while the average monthly return is +1.74%. At this rate, your investment would double in approximately 3.3 years.

Historically, 40% of months were positive and 60% were negative. The best month was Feb 2020 with a return of +305.8%, while the worst month was Aug 2020 at -54.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 11 months.

On a daily basis, CODX closed higher 42% of trading days. The best single day was Oct 27, 2025 with a return of +259.3%, while the worst single day was Jan 13, 2026 at -60.5%.

Co-Diagnostics, Inc. has an annualized alpha of 52.32%, beta of 0.36, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 13, 2017.

• This stock participated in 141.33% of S&P 500 Index downside but only -57.80% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.36 may look defensive, but with R² of 0.00 this stock is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R² of 0.00 means this stock moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

CODX ranks 35 for risk / return — below 35% of stocks on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Co-Diagnostics, Inc. (CODX) and compare them to a chosen benchmark (S&P 500 Index).

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Co-Diagnostics, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Co-Diagnostics, Inc. was 99.82%, occurring on Mar 30, 2026. The portfolio has not yet recovered.

The current Co-Diagnostics, Inc. drawdown is 99.80%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Co-Diagnostics, Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Co-Diagnostics, Inc. is priced in the market compared to other companies in the Diagnostics & Research industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.