ALLR vs RGS: Correlation
Allarity Therapeutics, Inc. (ALLR) and Regis Corporation (RGS) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLR and RGS?
Over the past 3 years, ALLR and RGS moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.00) runs above the 3-year figure (-0.20). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -4994.5 %².
RGS is close to the least connected end of ALLR's tracked universe, ranking #8 of 10. The last year tells two different stories: RGS led by 32.9 percentage points, -13.2% for ALLR against +19.7% for RGS. Note the risk asymmetry: RGS runs 2.1 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.
ALLR vs RGS: side by side
| ALLR (Allarity Therapeutics, Inc.) | RGS (Regis Corporation) | |
|---|---|---|
| 1-year return | -13.2% | +19.7% |
| 5-year return | -100.0% | -75.3% |
| Volatility (ann.) | 107.8% | 226.7% |
| Beta vs S&P 500 | 1.25 | 0.65 |
| Max drawdown (3Y) | -99.9% | -81.1% |
| Market cap | – | – |
| P/E (trailing) | – | 0.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALLR | RGS |
|---|---|---|
| 2022 | -97.2% | -29.9% |
| 2023 | -99.9% | -61.3% |
| 2024 | -99.6% | +151.0% |
| 2025 | -7.7% | +17.0% |
| 2026 | +27.8% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLR and RGS good diversifiers for each other?
Yes. With a correlation of -0.20, ALLR and RGS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALLR and RGS?
The ALLR/RGS correlation stands at -0.20 on a 3-year window (1 year: 0.00, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is RGS a good diversifier for ALLR?
Yes. With a correlation of -0.20, ALLR and RGS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/allr-vs-rgs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/allr-vs-rgs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALLR correlations · RGS correlations
