AWR vs RDZN: Correlation
How closely do American States Water Company (AWR) and Roadzen, Inc. (RDZN) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWR and RDZN?
Across a 3-year window, the weekly returns of AWR and RDZN correlate at -0.28, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.28). Stretching to 5 years gives -0.21, with an annualized covariance of -723.6 %².
RDZN is close to the least connected end of AWR's tracked universe, ranking #14 of 16. Correlation aside, the last 12 months split them widely, with RDZN ahead by 29.0 points (+21.5% versus +50.5%). Risk is not evenly split, since RDZN carries 5.9 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.
AWR vs RDZN: side by side
| AWR (American States Water Company) | RDZN (Roadzen, Inc.) | |
|---|---|---|
| 1-year return | +21.5% | +50.5% |
| 5-year return | +7.6% | -84.9% |
| Volatility (ann.) | 20.8% | 122.6% |
| Beta vs S&P 500 | 0.04 | 1.57 |
| Max drawdown (3Y) | -21.9% | -94.0% |
| Market cap | $3.5B | $0.1B |
| P/E (trailing) | 24.3 | 6.8 |
| Dividend yield | 2.24% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWR | RDZN |
|---|---|---|
| 2022 | -8.9% | – |
| 2023 | -11.4% | -50.3% |
| 2024 | -1.2% | -57.2% |
| 2025 | -4.3% | +10.6% |
| 2026 | +25.1% | -38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWR and RDZN good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AWR and RDZN?
As of 2026-08-27, the correlation of weekly returns between AWR and RDZN is -0.28 over 3 years, -0.41 over 1 year and -0.21 over 5 years.
Is RDZN a good diversifier for AWR?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/awr-vs-rdzn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/awr-vs-rdzn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AWR correlations · RDZN correlations
