ATLX vs RMCO: Correlation
Atlas Lithium Corporation (ATLX) and Royalty Management Holding Corporation (RMCO) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLX and RMCO?
On 3 years of weekly data the ATLX/RMCO correlation comes out at 0.28, weak. The past 12 months show a tighter link (0.39) than the 3-year average (0.28). The 5-year figure is 0.15, and annualized covariance runs at 1918.9 %².
RMCO is close to the least connected end of ATLX's tracked universe, ranking #10 of 13. Their recent paths diverged sharply: over the last 12 months RMCO outperformed by 84.0 percentage points (-37.4% for ATLX against +46.6% for RMCO).
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.
ATLX vs RMCO: side by side
| ATLX (Atlas Lithium Corporation) | RMCO (Royalty Management Holding Corporation) | |
|---|---|---|
| 1-year return | -37.4% | +46.6% |
| 5-year return | -55.9% | -70.7% |
| Volatility (ann.) | 79.3% | 87.1% |
| Beta vs S&P 500 | 1.64 | 0.25 |
| Max drawdown (3Y) | -92.3% | -93.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATLX | RMCO |
|---|---|---|
| 2022 | +16.7% | -0.4% |
| 2023 | +346.9% | -83.0% |
| 2024 | -79.8% | -41.3% |
| 2025 | -33.2% | +211.1% |
| 2026 | -21.9% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLX and RMCO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATLX and RMCO?
As of 2026-08-27, the correlation of weekly returns between ATLX and RMCO is 0.28 over 3 years, 0.39 over 1 year and 0.15 over 5 years.
Is RMCO a good diversifier for ATLX?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 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: ATLX correlations · RMCO correlations
