CDRO vs RR: Correlation
Codere Online Luxembourg, S.A. (CDRO) and Richtech Robotics Inc. (RR) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDRO and RR?
On 3 years of weekly data the CDRO/RR correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.22 over 3. The 5-year figure is n/a, and annualized covariance runs at -1567.0 %².
Out of 10 assets tracked against CDRO, RR lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months CDRO outperformed by 49.7 percentage points (+8.6% for CDRO against -41.1% for RR). Risk is not evenly split, since RR carries 3.5 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.
CDRO vs RR: side by side
| CDRO (Codere Online Luxembourg, S.A.) | RR (Richtech Robotics Inc.) | |
|---|---|---|
| 1-year return | +8.6% | -41.1% |
| 5-year return | -9.1% | n/a |
| Volatility (ann.) | 44.5% | 155.1% |
| Beta vs S&P 500 | 0.65 | 2.22 |
| Max drawdown (3Y) | -37.6% | -96.7% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | 225.0 | 27.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CDRO | RR |
|---|---|---|
| 2022 | -57.1% | – |
| 2023 | +14.0% | – |
| 2024 | +119.4% | -54.6% |
| 2025 | +24.5% | +19.6% |
| 2026 | +12.1% | -39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDRO and RR good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between CDRO and RR?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.18 over the last year and n/a over 5 years.
Is RR a good diversifier for CDRO?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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/cdro-vs-rr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdro-vs-rr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CDRO correlations · RR correlations
