AVTX vs RMBI: Correlation
Measured on weekly returns over the past three years, Avalo Therapeutics, Inc. (AVTX) and Richmond Mutual Bancorporation, Inc. (RMBI) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVTX and RMBI?
Across a 3-year window, the weekly returns of AVTX and RMBI correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.10) runs above the 3-year figure (-0.24). Stretching to 5 years gives -0.16, with an annualized covariance of -1353.0 %².
Out of 17 assets tracked against AVTX, RMBI lands near the bottom at #13. The last year tells two different stories: AVTX led by 93.2 percentage points, +107.8% for AVTX against +14.6% for RMBI. One caveat on sizing: AVTX is 8.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AVTX vs RMBI: side by side
| AVTX (Avalo Therapeutics, Inc.) | RMBI (Richmond Mutual Bancorporation, Inc.) | |
|---|---|---|
| 1-year return | +107.8% | +14.6% |
| 5-year return | -99.8% | +24.6% |
| Volatility (ann.) | 225.5% | 25.3% |
| Beta vs S&P 500 | 1.22 | 0.34 |
| Max drawdown (3Y) | -93.3% | -20.8% |
| Market cap | $1.1B | $0.3B |
| P/E (trailing) | – | 13.1 |
| Dividend yield | 0.00% | 3.78% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVTX | RMBI |
|---|---|---|
| 2022 | -75.3% | -16.7% |
| 2023 | -99.2% | -7.2% |
| 2024 | -18.4% | +28.6% |
| 2025 | +144.4% | +3.7% |
| 2026 | +10.4% | +16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVTX and RMBI good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AVTX and RMBI?
As of 2026-08-27, the correlation of weekly returns between AVTX and RMBI is -0.24 over 3 years, 0.10 over 1 year and -0.16 over 5 years.
Is RMBI a good diversifier for AVTX?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/avtx-vs-rmbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avtx-vs-rmbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVTX correlations · RMBI correlations
