ALKT vs RPD: Correlation
How closely do Alkami Technology, Inc. (ALKT) and Rapid7, Inc. (RPD) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALKT and RPD?
Across a 3-year window, the weekly returns of ALKT and RPD correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 1349.4 %².
Within ALKT's tracked universe of 11 assets, RPD comes in at #5 by 3-year correlation. The last year tells two different stories: ALKT led by 15.2 percentage points, -19.5% for ALKT against -34.7% for RPD.
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.
ALKT vs RPD: side by side
| ALKT (Alkami Technology, Inc.) | RPD (Rapid7, Inc.) | |
|---|---|---|
| 1-year return | -19.5% | -34.7% |
| 5-year return | -28.5% | -88.9% |
| Volatility (ann.) | 45.4% | 56.3% |
| Beta vs S&P 500 | 1.31 | 1.42 |
| Max drawdown (3Y) | -65.4% | -91.8% |
| Market cap | $2.2B | $0.9B |
| P/E (trailing) | – | 37.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALKT | RPD |
|---|---|---|
| 2022 | -27.3% | -71.1% |
| 2023 | +66.2% | +68.0% |
| 2024 | +51.3% | -29.5% |
| 2025 | -37.1% | -62.2% |
| 2026 | -11.8% | -11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALKT and RPD good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ALKT and RPD?
As of 2026-08-27, the correlation of weekly returns between ALKT and RPD is 0.53 over 3 years, 0.56 over 1 year and 0.52 over 5 years.
Is RPD a good diversifier for ALKT?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
A reading of 0.53 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/alkt-vs-rpd.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALKT correlations · RPD correlations
