CMP vs RDZN: Correlation
Measured on weekly returns over the past three years, Compass Minerals Intl Inc (CMP) and Roadzen, Inc. (RDZN) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMP and RDZN?
On 3 years of weekly data the CMP/RDZN correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.12 lands near the 3-year figure. The 5-year figure is -0.15, and annualized covariance runs at -1250.8 %².
Among the 10 assets we track against CMP, RDZN sits near the bottom by co-movement, at rank #8. The last year tells two different stories: RDZN led by 19.7 percentage points, +30.8% for CMP against +50.5% for RDZN. Note the risk asymmetry: RDZN runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CMP vs RDZN: side by side
| CMP (Compass Minerals Intl Inc) | RDZN (Roadzen, Inc.) | |
|---|---|---|
| 1-year return | +30.8% | +50.5% |
| 5-year return | -60.3% | -84.9% |
| Volatility (ann.) | 55.5% | 122.6% |
| Beta vs S&P 500 | 0.86 | 1.57 |
| Max drawdown (3Y) | -74.2% | -94.0% |
| Market cap | $1.0B | $0.1B |
| P/E (trailing) | 59.4 | 6.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMP | RDZN |
|---|---|---|
| 2022 | -18.7% | – |
| 2023 | -37.0% | -50.3% |
| 2024 | -55.3% | -57.2% |
| 2025 | +74.6% | +10.6% |
| 2026 | +27.0% | -38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMP and RDZN good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between CMP and RDZN?
As of 2026-08-27, the correlation of weekly returns between CMP and RDZN is -0.18 over 3 years, -0.12 over 1 year and -0.15 over 5 years.
Is RDZN a good diversifier for CMP?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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/cmp-vs-rdzn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmp-vs-rdzn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMP correlations · RDZN correlations
