AMP vs RIME: Correlation
How closely do Ameriprise Financial (AMP) and Algorhythm Holdings, Inc. (RIME) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and RIME?
On 3 years of weekly data the AMP/RIME correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.47 versus -0.24 over 3 years. The 5-year figure is -0.22, and annualized covariance runs at -1192.0 %².
Among the 34 assets we track against AMP, RIME sits near the bottom by co-movement, at rank #30. The last year tells two different stories: AMP led by 95.3 percentage points, +8.7% for AMP against -86.6% for RIME. Risk is not evenly split, since RIME carries 7.9 times the volatility of the other side.
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.
AMP vs RIME: side by side
| AMP (Ameriprise Financial) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | +8.7% | -86.6% |
| 5-year return | +119.2% | -100.0% |
| Volatility (ann.) | 25.0% | 197.4% |
| Beta vs S&P 500 | 1.09 | -0.17 |
| Max drawdown (3Y) | -26.4% | -99.9% |
| Market cap | $49.1B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 1.16% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AMP | RIME |
|---|---|---|
| 2022 | +5.0% | -43.3% |
| 2023 | +24.0% | -77.1% |
| 2024 | +42.1% | -91.1% |
| 2025 | -6.7% | -94.4% |
| 2026 | +14.5% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and RIME good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMP and RIME?
As of 2026-08-27, the correlation of weekly returns between AMP and RIME is -0.24 over 3 years, -0.47 over 1 year and -0.22 over 5 years.
Is RIME a good diversifier for AMP?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amp-vs-rime.json
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Related comparisons
Hubs: AMP correlations · RIME correlations
