ALZN vs RR: Correlation
Measured on weekly returns over the past three years, Alzamend Neuro, Inc. (ALZN) and Richtech Robotics Inc. (RR) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALZN and RR?
Across a 3-year window, the weekly returns of ALZN and RR correlate at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 4763.0 %².
Among the 10 assets we track against ALZN, RR ranks #5 by 3-year correlation. Over the last 12 months ALZN came out ahead by 8.8 percentage points (-32.3% against -41.1%). Note the risk asymmetry: RR runs 1.7 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.
ALZN vs RR: side by side
| ALZN (Alzamend Neuro, Inc.) | RR (Richtech Robotics Inc.) | |
|---|---|---|
| 1-year return | -32.3% | -41.1% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 92.3% | 155.1% |
| Beta vs S&P 500 | 0.81 | 2.22 |
| Max drawdown (3Y) | -99.8% | -96.7% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 27.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALZN | RR |
|---|---|---|
| 2022 | -70.3% | – |
| 2023 | -89.5% | – |
| 2024 | -87.0% | -54.6% |
| 2025 | -82.6% | +19.6% |
| 2026 | -8.5% | -39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALZN and RR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALZN and RR?
As of 2026-08-27, the correlation of weekly returns between ALZN and RR is 0.33 over 3 years, 0.35 over 1 year and n/a over 5 years.
Is RR a good diversifier for ALZN?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ALZN correlations · RR correlations
