ATRO vs RFAI: Correlation
Measured on weekly returns over the past three years, Astronics Corporation (ATRO) and RF Acquisition Corp II (RFAI) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATRO and RFAI?
Over the past 3 years, ATRO and RFAI moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3594.7 %².
Out of 11 assets tracked against ATRO, RFAI lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with RFAI ahead by 222.0 points (+167.5% versus +389.5%). Risk is not evenly split, since RFAI carries 6.1 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.
ATRO vs RFAI: side by side
| ATRO (Astronics Corporation) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | +167.5% | +389.5% |
| 5-year return | +623.9% | n/a |
| Volatility (ann.) | 47.1% | 288.3% |
| Beta vs S&P 500 | 1.07 | -1.62 |
| Max drawdown (3Y) | -33.3% | -16.5% |
| Market cap | $3.4B | $0.4B |
| P/E (trailing) | 42.6 | 399.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATRO | RFAI |
|---|---|---|
| 2022 | -14.2% | – |
| 2023 | +69.1% | – |
| 2024 | -8.4% | – |
| 2025 | +239.8% | +5.2% |
| 2026 | +80.2% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATRO and RFAI good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between ATRO and RFAI?
As of 2026-08-27, the correlation of weekly returns between ATRO and RFAI is -0.25 over 3 years, -0.35 over 1 year and n/a over 5 years.
Is RFAI a good diversifier for ATRO?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/atro-vs-rfai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atro-vs-rfai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATRO correlations · RFAI correlations
