AGL vs RIME: Correlation
agilon health, inc. (AGL) and Algorhythm Holdings, Inc. (RIME) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGL and RIME?
Over the past 3 years, AGL and RIME moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.35 over 1 year against -0.25 over 3. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -6320.0 %².
Among the 14 assets we track against AGL, RIME sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with AGL ahead by 276.4 points (+189.8% versus -86.6%). Risk is not evenly split, since RIME carries 1.6 times the volatility of the other side.
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.
AGL vs RIME: side by side
| AGL (agilon health, inc.) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | +189.8% | -86.6% |
| 5-year return | -90.0% | -100.0% |
| Volatility (ann.) | 126.1% | 197.4% |
| Beta vs S&P 500 | 1.73 | -0.17 |
| Max drawdown (3Y) | -98.4% | -99.9% |
| Market cap | $1.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGL | RIME |
|---|---|---|
| 2022 | -40.2% | -43.3% |
| 2023 | -22.2% | -77.1% |
| 2024 | -84.9% | -91.1% |
| 2025 | -63.7% | -94.4% |
| 2026 | +446.8% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGL and RIME good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGL and RIME?
The AGL/RIME correlation stands at -0.25 on a 3-year window (1 year: -0.35, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is RIME a good diversifier for AGL?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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
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Related comparisons
Hubs: AGL correlations · RIME correlations
