CLST vs RYDE: Correlation
How closely do Catalyst Bancorp, Inc. (CLST) and Ryde Group Ltd. Class A (RYDE) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLST and RYDE?
Over the past 3 years, CLST and RYDE moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.34 over 1 year against -0.34 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -968.0 %².
Among the 12 assets we track against CLST, RYDE sits near the bottom by co-movement, at rank #12. The last year tells two different stories: RYDE led by 82.0 percentage points, +35.9% for CLST against +117.9% for RYDE. One caveat on sizing: RYDE is 17.0 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.
CLST vs RYDE: side by side
| CLST (Catalyst Bancorp, Inc.) | RYDE (Ryde Group Ltd. Class A) | |
|---|---|---|
| 1-year return | +35.9% | +117.9% |
| 5-year return | +28.2% | n/a |
| Volatility (ann.) | 13.2% | 224.8% |
| Beta vs S&P 500 | 0.08 | -0.77 |
| Max drawdown (3Y) | -12.7% | -99.1% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 31.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLST | RYDE |
|---|---|---|
| 2022 | -7.1% | – |
| 2023 | -14.6% | – |
| 2024 | +8.6% | – |
| 2025 | +33.8% | -43.5% |
| 2026 | +10.4% | +147.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLST and RYDE good diversifiers for each other?
Yes. With a correlation of -0.34, CLST and RYDE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CLST and RYDE?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.34 over the last year and n/a over 5 years.
Is RYDE a good diversifier for CLST?
Yes. With a correlation of -0.34, CLST and RYDE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 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.
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Related comparisons
Hubs: CLST correlations · RYDE correlations
