CRNT vs RMT: Correlation
Measured on weekly returns over the past three years, Ceragon Networks Ltd. (CRNT) and Royce Micro-Cap Trust, Inc. (RMT) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNT and RMT?
Over the past 3 years, CRNT and RMT moved with a correlation of 0.43, which is moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 463.8 %².
By 3-year correlation, RMT places #4 of the 11 assets tracked against CRNT. Their recent paths diverged sharply: over the last 12 months RMT outperformed by 41.9 percentage points (+6.5% for CRNT against +48.4% for RMT). One caveat on sizing: CRNT is 2.6 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.
CRNT vs RMT: side by side
| CRNT (Ceragon Networks Ltd.) | RMT (Royce Micro-Cap Trust, Inc.) | |
|---|---|---|
| 1-year return | +6.5% | +48.4% |
| 5-year return | -45.0% | +80.1% |
| Volatility (ann.) | 52.9% | 20.5% |
| Beta vs S&P 500 | 1.19 | 1.09 |
| Max drawdown (3Y) | -66.4% | -26.4% |
| Market cap | $0.2B | $0.8B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 5.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRNT | RMT |
|---|---|---|
| 2022 | -26.0% | -16.8% |
| 2023 | +13.1% | +15.8% |
| 2024 | +116.2% | +14.0% |
| 2025 | -55.0% | +16.1% |
| 2026 | +1.9% | +39.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNT and RMT good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRNT and RMT?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.52 over the last year and 0.41 over 5 years.
Is RMT a good diversifier for CRNT?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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/crnt-vs-rmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crnt-vs-rmt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRNT correlations · RMT correlations
