CABO vs RFAI: Correlation
How closely do Cable One, Inc. (CABO) and RF Acquisition Corp II (RFAI) 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 CABO and RFAI?
On 3 years of weekly data the CABO/RFAI correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -6349.5 %².
RFAI is close to the least connected end of CABO's tracked universe, ranking #9 of 10. The last year tells two different stories: RFAI led by 475.7 percentage points, -86.2% for CABO against +389.5% for RFAI. Risk is not evenly split, since RFAI carries 4.3 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.
CABO vs RFAI: side by side
| CABO (Cable One, Inc.) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | -86.2% | +389.5% |
| 5-year return | -98.8% | n/a |
| Volatility (ann.) | 66.3% | 288.3% |
| Beta vs S&P 500 | 0.39 | -1.62 |
| Max drawdown (3Y) | -96.5% | -16.5% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | 399.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CABO | RFAI |
|---|---|---|
| 2022 | -59.2% | – |
| 2023 | -20.4% | – |
| 2024 | -33.0% | – |
| 2025 | -68.5% | +5.2% |
| 2026 | -80.1% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CABO and RFAI good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CABO and RFAI?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.36 over the last year and n/a over 5 years.
Is RFAI a good diversifier for CABO?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
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/cabo-vs-rfai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cabo-vs-rfai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CABO correlations · RFAI correlations
