AGYS vs RDVT: Correlation
How closely do Agilysys, Inc. (AGYS) and Red Violet, Inc. (RDVT) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGYS and RDVT?
On 3 years of weekly data the AGYS/RDVT correlation comes out at 0.45, moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.45). The 5-year figure is 0.26, and annualized covariance runs at 968.2 %².
In AGYS's tracked universe of 10 assets, RDVT sits right near the top at #2. The last year tells two different stories: RDVT led by 35.9 percentage points, +10.2% for AGYS against +46.1% for RDVT.
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.
AGYS vs RDVT: side by side
| AGYS (Agilysys, Inc.) | RDVT (Red Violet, Inc.) | |
|---|---|---|
| 1-year return | +10.2% | +46.1% |
| 5-year return | +112.4% | +153.0% |
| Volatility (ann.) | 48.2% | 45.1% |
| Beta vs S&P 500 | 0.61 | 1.12 |
| Max drawdown (3Y) | -56.1% | -42.1% |
| Market cap | $3.4B | $1.2B |
| P/E (trailing) | 75.3 | 63.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGYS | RDVT |
|---|---|---|
| 2022 | +78.0% | -42.0% |
| 2023 | +7.2% | -13.2% |
| 2024 | +55.3% | +81.3% |
| 2025 | -9.8% | +58.6% |
| 2026 | +1.4% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGYS and RDVT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGYS and RDVT?
As of 2026-08-27, the correlation of weekly returns between AGYS and RDVT is 0.45 over 3 years, 0.59 over 1 year and 0.26 over 5 years.
Is RDVT a good diversifier for AGYS?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agys-vs-rdvt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agys-vs-rdvt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGYS correlations · RDVT correlations
