ACNT vs RYDE: Correlation
Measured on weekly returns over the past three years, Ascent Industries Co. (ACNT) and Ryde Group Ltd. Class A (RYDE) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACNT and RYDE?
On 3 years of weekly data the ACNT/RYDE correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.47 versus -0.27 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -1703.5 %².
Within ACNT's tracked universe of 16 assets, RYDE comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RYDE outperformed by 86.9 percentage points (+31.0% for ACNT against +117.9% for RYDE). Note the risk asymmetry: RYDE runs 7.2 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.
ACNT vs RYDE: side by side
| ACNT (Ascent Industries Co.) | RYDE (Ryde Group Ltd. Class A) | |
|---|---|---|
| 1-year return | +31.0% | +117.9% |
| 5-year return | +37.0% | n/a |
| Volatility (ann.) | 31.2% | 224.8% |
| Beta vs S&P 500 | 0.09 | -0.77 |
| Max drawdown (3Y) | -31.8% | -99.1% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACNT | RYDE |
|---|---|---|
| 2022 | -47.2% | – |
| 2023 | +10.3% | – |
| 2024 | +16.9% | – |
| 2025 | +44.8% | -43.5% |
| 2026 | -2.4% | +147.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACNT and RYDE good diversifiers for each other?
Yes. With a correlation of -0.27, ACNT and RYDE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACNT and RYDE?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.47 over the last year and n/a over 5 years.
Is RYDE a good diversifier for ACNT?
Yes. With a correlation of -0.27, ACNT and RYDE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/acnt-vs-ryde.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acnt-vs-ryde/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACNT correlations · RYDE correlations
