APPS vs VRRM: Correlation
How closely do Digital Turbine, Inc. (APPS) and Verra Mobility Corporation (VRRM) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APPS and VRRM?
Across a 3-year window, the weekly returns of APPS and VRRM correlate at -0.27, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.53) runs below the 3-year figure (-0.27). Stretching to 5 years gives -0.13, with an annualized covariance of -1780.4 %².
Among the 14 assets we track against APPS, VRRM sits near the bottom by co-movement, at rank #13. The last year tells two different stories: APPS led by 255.6 percentage points, +173.0% for APPS against -82.6% for VRRM. Note the risk asymmetry: APPS runs 2.6 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.
APPS vs VRRM: side by side
| APPS (Digital Turbine, Inc.) | VRRM (Verra Mobility Corporation) | |
|---|---|---|
| 1-year return | +173.0% | -82.6% |
| 5-year return | -77.7% | -71.6% |
| Volatility (ann.) | 130.3% | 50.8% |
| Beta vs S&P 500 | 2.13 | 0.33 |
| Max drawdown (3Y) | -86.7% | -87.5% |
| Market cap | $1.4B | $0.7B |
| P/E (trailing) | – | 16.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APPS | VRRM |
|---|---|---|
| 2022 | -75.0% | -10.4% |
| 2023 | -55.0% | +66.5% |
| 2024 | -75.4% | +5.0% |
| 2025 | +195.9% | -7.3% |
| 2026 | +128.8% | -80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APPS and VRRM good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between APPS and VRRM?
As of 2026-08-27, the correlation of weekly returns between APPS and VRRM is -0.27 over 3 years, -0.53 over 1 year and -0.13 over 5 years.
Is VRRM a good diversifier for APPS?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apps-vs-vrrm.json
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Related comparisons
Hubs: APPS correlations · VRRM correlations
