ASYS vs RAPP: Correlation
Measured on weekly returns over the past three years, Amtech Systems, Inc. (ASYS) and Rapport Therapeutics, Inc. (RAPP) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASYS and RAPP?
Across a 3-year window, the weekly returns of ASYS and RAPP correlate at 0.34, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.34 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 2151.2 %².
Among the 10 assets we track against ASYS, RAPP ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RAPP outperformed by 74.3 percentage points (+165.2% for ASYS against +239.5% for RAPP).
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.
ASYS vs RAPP: side by side
| ASYS (Amtech Systems, Inc.) | RAPP (Rapport Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +165.2% | +239.5% |
| 5-year return | +54.0% | n/a |
| Volatility (ann.) | 71.9% | 89.6% |
| Beta vs S&P 500 | 0.92 | 1.91 |
| Max drawdown (3Y) | -61.3% | -75.5% |
| Market cap | $0.3B | $2.4B |
| P/E (trailing) | 56.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASYS | RAPP |
|---|---|---|
| 2022 | -23.1% | – |
| 2023 | -44.7% | – |
| 2024 | +29.8% | – |
| 2025 | +130.3% | +71.0% |
| 2026 | +26.1% | +67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASYS and RAPP good diversifiers for each other?
Reasonably. At 0.34, ASYS and RAPP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASYS and RAPP?
As of 2026-08-27, the correlation of weekly returns between ASYS and RAPP is 0.34 over 3 years, 0.50 over 1 year and n/a over 5 years.
Is RAPP a good diversifier for ASYS?
Reasonably. At 0.34, ASYS and RAPP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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.
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Related comparisons
Hubs: ASYS correlations · RAPP correlations
