CSIQ vs RLMD: Correlation
Canadian Solar Inc. (CSIQ) and Relmada Therapeutics, Inc. (RLMD) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSIQ and RLMD?
On 3 years of weekly data the CSIQ/RLMD correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 4168.9 %².
Within CSIQ's tracked universe of 15 assets, RLMD comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RLMD outperformed by 539.4 percentage points (+35.2% for CSIQ against +574.6% for RLMD). One caveat on sizing: RLMD is 1.7 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.
CSIQ vs RLMD: side by side
| CSIQ (Canadian Solar Inc.) | RLMD (Relmada Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +35.2% | +574.6% |
| 5-year return | -62.6% | -81.0% |
| Volatility (ann.) | 79.8% | 134.2% |
| Beta vs S&P 500 | 1.82 | 1.62 |
| Max drawdown (3Y) | -76.1% | -96.3% |
| Market cap | $0.9B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSIQ | RLMD |
|---|---|---|
| 2022 | -1.2% | -84.5% |
| 2023 | -15.1% | +18.6% |
| 2024 | -57.6% | -87.4% |
| 2025 | +113.8% | +828.8% |
| 2026 | -41.2% | -6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSIQ and RLMD good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CSIQ and RLMD?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.41 over the last year and 0.36 over 5 years.
Is RLMD a good diversifier for CSIQ?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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/csiq-vs-rlmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/csiq-vs-rlmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSIQ correlations · RLMD correlations
