CBZ vs RIME: Correlation
How closely do CBIZ, Inc. (CBZ) and Algorhythm Holdings, Inc. (RIME) 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 CBZ and RIME?
Over the past 3 years, CBZ and RIME moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.45) runs below the 3-year figure (-0.28). Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -2508.0 %².
RIME is close to the least connected end of CBZ's tracked universe, ranking #18 of 20. Correlation aside, the last 12 months split them widely, with CBZ ahead by 69.7 points (-16.9% versus -86.6%). Risk is not evenly split, since RIME carries 4.4 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.
CBZ vs RIME: side by side
| CBZ (CBIZ, Inc.) | RIME (Algorhythm Holdings, Inc.) | |
|---|---|---|
| 1-year return | -16.9% | -86.6% |
| 5-year return | +61.7% | -100.0% |
| Volatility (ann.) | 44.6% | 197.4% |
| Beta vs S&P 500 | 1.02 | -0.17 |
| Max drawdown (3Y) | -71.6% | -99.9% |
| Market cap | $3.0B | – |
| P/E (trailing) | 26.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBZ | RIME |
|---|---|---|
| 2022 | +19.8% | -43.3% |
| 2023 | +33.6% | -77.1% |
| 2024 | +30.7% | -91.1% |
| 2025 | -38.3% | -94.4% |
| 2026 | +8.4% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBZ and RIME 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 CBZ and RIME?
As of 2026-08-27, the correlation of weekly returns between CBZ and RIME is -0.28 over 3 years, -0.45 over 1 year and -0.27 over 5 years.
Is RIME a good diversifier for CBZ?
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?
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/cbz-vs-rime.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbz-vs-rime/)
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Related comparisons
Hubs: CBZ correlations · RIME correlations
