ASUR vs RMT: Correlation
Measured on weekly returns over the past three years, Asure Software Inc (ASUR) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASUR and RMT?
Over the past 3 years, ASUR and RMT moved with a correlation of 0.44, which is moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.44). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 428.4 %².
RMT is one of the assets that tracks ASUR most closely: it ranks #3 out of the 10 assets we track against ASUR. Their recent paths diverged sharply: over the last 12 months RMT outperformed by 41.4 percentage points (+7.0% for ASUR against +48.4% for RMT). Risk is not evenly split, since ASUR 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.
ASUR vs RMT: side by side
| ASUR (Asure Software Inc) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +7.0% | +48.4% |
| 5-year return | +0.4% | +80.1% |
| Volatility (ann.) | 47.0% | 20.5% |
| Beta vs S&P 500 | 1.16 | 1.09 |
| Max drawdown (3Y) | -45.8% | -26.4% |
| Market cap | $0.3B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASUR | RMT |
|---|---|---|
| 2022 | +19.3% | -16.8% |
| 2023 | +1.9% | +15.8% |
| 2024 | -1.2% | +14.0% |
| 2025 | +0.1% | +16.1% |
| 2026 | -4.8% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASUR and RMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASUR and RMT?
As of 2026-08-27, the correlation of weekly returns between ASUR and RMT is 0.44 over 3 years, 0.30 over 1 year and 0.35 over 5 years.
Is RMT a good diversifier for ASUR?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ASUR correlations · RMT correlations
