CHR vs RLMD: Correlation
Measured on weekly returns over the past three years, Cheer Holding, Inc. - Class A (CHR) and Relmada Therapeutics, Inc. (RLMD) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHR and RLMD?
On 3 years of weekly data the CHR/RLMD correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.53 versus -0.25 over 3 years. The 5-year figure is -0.15, and annualized covariance runs at -2947.2 %².
By 3-year correlation, RLMD places #15 of the 20 assets tracked against CHR. Correlation aside, the last 12 months split them widely, with RLMD ahead by 673.5 points (-98.9% versus +574.6%). One caveat on sizing: RLMD is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CHR vs RLMD: side by side
| CHR (Cheer Holding, Inc. - Class A) | RLMD (Relmada Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -98.9% | +574.6% |
| 5-year return | -100.0% | -81.0% |
| Volatility (ann.) | 89.2% | 134.2% |
| Beta vs S&P 500 | 0.17 | 1.62 |
| Max drawdown (3Y) | -99.8% | -96.3% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHR | RLMD |
|---|---|---|
| 2022 | +23.7% | -84.5% |
| 2023 | -78.5% | +18.6% |
| 2024 | -20.7% | -87.4% |
| 2025 | -99.0% | +828.8% |
| 2026 | -52.6% | -6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHR and RLMD good diversifiers for each other?
Yes. With a correlation of -0.25, CHR and RLMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CHR and RLMD?
The CHR/RLMD correlation stands at -0.25 on a 3-year window (1 year: -0.53, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is RLMD a good diversifier for CHR?
Yes. With a correlation of -0.25, CHR and RLMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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/chr-vs-rlmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chr-vs-rlmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHR correlations · RLMD correlations
