ARTW vs RR: Correlation
Measured on weekly returns over the past three years, Art's-Way Manufacturing Co., Inc. (ARTW) and Richtech Robotics Inc. (RR) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTW and RR?
Across a 3-year window, the weekly returns of ARTW and RR correlate at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.46). Stretching to 5 years gives n/a, with an annualized covariance of 5002.3 %².
Within ARTW's tracked universe of 11 assets, RR comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ARTW ahead by 38.1 points (-3.0% versus -41.1%). Risk is not evenly split, since RR carries 2.3 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.
ARTW vs RR: side by side
| ARTW (Art's-Way Manufacturing Co., Inc.) | RR (Richtech Robotics Inc.) | |
|---|---|---|
| 1-year return | -3.0% | -41.1% |
| 5-year return | -16.9% | n/a |
| Volatility (ann.) | 68.2% | 155.1% |
| Beta vs S&P 500 | 0.87 | 2.22 |
| Max drawdown (3Y) | -60.0% | -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 | ARTW | RR |
|---|---|---|
| 2022 | -45.5% | – |
| 2023 | +7.3% | – |
| 2024 | +4.8% | -54.6% |
| 2025 | +8.3% | +19.6% |
| 2026 | +23.4% | -39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTW and RR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARTW and RR?
As of 2026-08-27, the correlation of weekly returns between ARTW and RR is 0.46 over 3 years, 0.31 over 1 year and n/a over 5 years.
Is RR a good diversifier for ARTW?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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
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Related comparisons
Hubs: ARTW correlations · RR correlations
