AEYE vs RENT: Correlation
AudioEye, Inc. (AEYE) and Rent the Runway, Inc. (RENT) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEYE and RENT?
Over the past 3 years, AEYE and RENT moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (0.07) than the 3-year average (0.40). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 7346.9 %².
Among the 17 assets we track against AEYE, RENT ranks #10 by 3-year correlation. On 12-month performance RENT holds a 5.6-point edge, -41.4% against -35.8%. One caveat on sizing: RENT is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AEYE vs RENT: side by side
| AEYE (AudioEye, Inc.) | RENT (Rent the Runway, Inc.) | |
|---|---|---|
| 1-year return | -41.4% | -35.8% |
| 5-year return | -44.5% | -99.1% |
| Volatility (ann.) | 86.5% | 212.1% |
| Beta vs S&P 500 | 2.63 | 2.17 |
| Max drawdown (3Y) | -83.9% | -91.6% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 0.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEYE | RENT |
|---|---|---|
| 2022 | -45.4% | -62.6% |
| 2023 | +41.5% | -82.7% |
| 2024 | +180.6% | -19.5% |
| 2025 | -34.3% | -6.9% |
| 2026 | -28.0% | -54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEYE and RENT good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AEYE and RENT?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.07 over the last year and 0.35 over 5 years.
Is RENT a good diversifier for AEYE?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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/aeye-vs-rent.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeye-vs-rent/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEYE correlations · RENT correlations
