APWC vs RKDA: Correlation
How closely do Asia Pacific Wire & Cable Corporation Limited (APWC) and Arcadia Biosciences, Inc. (RKDA) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APWC and RKDA?
Over the past 3 years, APWC and RKDA moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.11) sits close to the 3-year figure. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -1029.8 %².
Among the 11 assets we track against APWC, RKDA sits near the bottom by co-movement, at rank #9. The last year tells two different stories: APWC led by 64.5 percentage points, -22.1% for APWC against -86.6% for RKDA. Note the risk asymmetry: RKDA 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.
APWC vs RKDA: side by side
| APWC (Asia Pacific Wire & Cable Corporation Limited) | RKDA (Arcadia Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -22.1% | -86.6% |
| 5-year return | -59.0% | -99.5% |
| Volatility (ann.) | 48.8% | 100.4% |
| Beta vs S&P 500 | 0.50 | 1.40 |
| Max drawdown (3Y) | -42.4% | -93.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 5.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APWC | RKDA |
|---|---|---|
| 2022 | -29.4% | -73.9% |
| 2023 | -13.2% | -71.1% |
| 2024 | +17.6% | +89.1% |
| 2025 | +26.5% | -66.6% |
| 2026 | -24.2% | -74.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APWC and RKDA good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between APWC and RKDA?
The APWC/RKDA correlation stands at -0.21 on a 3-year window (1 year: -0.11, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is RKDA a good diversifier for APWC?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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: APWC correlations · RKDA correlations
