COGT vs RDGT: Correlation
Cogent Biosciences, Inc. (COGT) and Ridgetech, Inc. (RDGT) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COGT and RDGT?
Across a 3-year window, the weekly returns of COGT and RDGT correlate at 0.34, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.47 versus 0.34 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 4344.8 %².
Within COGT's tracked universe of 13 assets, RDGT comes in at #7 by 3-year correlation. The last year tells two different stories: COGT led by 299.3 percentage points, +199.8% for COGT against -99.5% for RDGT.
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.
COGT vs RDGT: side by side
| COGT (Cogent Biosciences, Inc.) | RDGT (Ridgetech, Inc.) | |
|---|---|---|
| 1-year return | +199.8% | -99.5% |
| 5-year return | +355.1% | -100.0% |
| Volatility (ann.) | 106.0% | 120.7% |
| Beta vs S&P 500 | 0.78 | 0.28 |
| Max drawdown (3Y) | -69.0% | -99.9% |
| Market cap | $6.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COGT | RDGT |
|---|---|---|
| 2022 | +34.7% | -21.5% |
| 2023 | -49.1% | -93.9% |
| 2024 | +32.7% | -59.8% |
| 2025 | +355.4% | +61.0% |
| 2026 | +4.4% | -99.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COGT and RDGT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between COGT and RDGT?
As of 2026-08-27, the correlation of weekly returns between COGT and RDGT is 0.34 over 3 years, 0.47 over 1 year and 0.27 over 5 years.
Is RDGT a good diversifier for COGT?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
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: COGT correlations · RDGT correlations
