ALRM vs RGP: Correlation
Measured on weekly returns over the past three years, Alarm.com Holdings, Inc. (ALRM) and Resources Connection, Inc. (RGP) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALRM and RGP?
Across a 3-year window, the weekly returns of ALRM and RGP correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 573.2 %².
By 3-year correlation, RGP places #6 of the 17 assets tracked against ALRM. The trailing year gives ALRM the advantage: -1.6% versus -10.1%, a 8.5-point spread.
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.
ALRM vs RGP: side by side
| ALRM (Alarm.com Holdings, Inc.) | RGP (Resources Connection, Inc.) | |
|---|---|---|
| 1-year return | -1.6% | -10.1% |
| 5-year return | -30.9% | -66.0% |
| Volatility (ann.) | 28.1% | 38.4% |
| Beta vs S&P 500 | 0.96 | 1.20 |
| Max drawdown (3Y) | -44.3% | -74.7% |
| Market cap | $2.8B | $0.1B |
| P/E (trailing) | 25.5 | – |
| Dividend yield | 0.00% | 6.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALRM | RGP |
|---|---|---|
| 2022 | -41.7% | +6.3% |
| 2023 | +30.6% | -20.1% |
| 2024 | -5.9% | -36.5% |
| 2025 | -16.1% | -37.3% |
| 2026 | +12.9% | -12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALRM and RGP good diversifiers for each other?
Only partially. A correlation of 0.53 means ALRM and RGP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ALRM and RGP?
As of 2026-08-27, the correlation of weekly returns between ALRM and RGP is 0.53 over 3 years, 0.50 over 1 year and 0.41 over 5 years.
Is RGP a good diversifier for ALRM?
Only partially. A correlation of 0.53 means ALRM and RGP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ALRM correlations · RGP correlations
