ALHC vs RM: Correlation
Measured on weekly returns over the past three years, Alignment Healthcare, Inc. (ALHC) and Regional Management Corp. (RM) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALHC and RM?
Over the past 3 years, ALHC and RM moved with a correlation of 0.36, which is moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.36 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 807.3 %².
Few assets follow ALHC as closely as RM, which ranks #3 of 15 tracked partners. Twelve-month performance is nearly a tie, at -16.0% for ALHC and -20.1% for RM. Note the risk asymmetry: ALHC runs 1.5 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.
ALHC vs RM: side by side
| ALHC (Alignment Healthcare, Inc.) | RM (Regional Management Corp.) | |
|---|---|---|
| 1-year return | -16.0% | -20.1% |
| 5-year return | -25.5% | -32.6% |
| Volatility (ann.) | 59.1% | 38.2% |
| Beta vs S&P 500 | 0.29 | 0.91 |
| Max drawdown (3Y) | -50.3% | -31.0% |
| Market cap | $2.8B | $0.3B |
| P/E (trailing) | 75.3 | 6.9 |
| Dividend yield | 0.00% | 3.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALHC | RM |
|---|---|---|
| 2022 | -16.4% | -49.6% |
| 2023 | -26.8% | -6.6% |
| 2024 | +30.7% | +41.5% |
| 2025 | +75.6% | +18.1% |
| 2026 | -31.3% | -13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALHC and RM good diversifiers for each other?
Reasonably. At 0.36, ALHC and RM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALHC and RM?
The ALHC/RM correlation stands at 0.36 on a 3-year window (1 year: 0.44, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is RM a good diversifier for ALHC?
Reasonably. At 0.36, ALHC and RM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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
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Related comparisons
Hubs: ALHC correlations · RM correlations
