BBSI vs RIME: Correlation
How closely do Barrett Business Services, Inc. (BBSI) and Algorhythm Holdings, Inc. (RIME) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBSI and RIME?
Across a 3-year window, the weekly returns of BBSI and RIME correlate at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.29 over 3 years. Stretching to 5 years gives -0.23, with an annualized covariance of -1709.5 %².
Out of 16 assets tracked against BBSI, RIME lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with BBSI ahead by 57.8 points (-28.8% versus -86.6%). Risk is not evenly split, since RIME carries 6.5 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.
BBSI vs RIME: side by side
| BBSI (Barrett Business Services, Inc.) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -28.8% | -86.6% |
| 5-year return | +89.3% | -100.0% |
| Volatility (ann.) | 30.3% | 197.4% |
| Beta vs S&P 500 | 0.64 | -0.17 |
| Max drawdown (3Y) | -45.3% | -99.9% |
| Market cap | $0.8B | – |
| P/E (trailing) | 25.3 | – |
| Dividend yield | 0.94% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBSI | RIME |
|---|---|---|
| 2022 | +37.1% | -43.3% |
| 2023 | +25.8% | -77.1% |
| 2024 | +51.4% | -91.1% |
| 2025 | -16.0% | -94.4% |
| 2026 | -4.9% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBSI and RIME good diversifiers for each other?
Yes. With a correlation of -0.29, BBSI and RIME have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BBSI and RIME?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.39 over the last year and -0.23 over 5 years.
Is RIME a good diversifier for BBSI?
Yes. With a correlation of -0.29, BBSI and RIME have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 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/bbsi-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbsi-vs-rime/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BBSI correlations · RIME correlations
