EEIQ vs RDGT: Correlation
Measured on weekly returns over the past three years, EpicQuest Education Group International Limited (EEIQ) and Ridgetech, Inc. (RDGT) carry a correlation of -0.34, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEIQ and RDGT?
Over the past 3 years, EEIQ and RDGT moved with a correlation of -0.34, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.49 versus -0.34 over 3 years. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -8022.7 %².
Out of 16 assets tracked against EEIQ, RDGT lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months EEIQ outperformed by 31.2 percentage points (-68.3% for EEIQ against -99.5% for RDGT). Risk is not evenly split, since EEIQ carries 1.6 times the volatility of the other side.
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.
EEIQ vs RDGT: side by side
| EEIQ (EpicQuest Education Group International Limited) | RDGT (Ridgetech, Inc.) | |
|---|---|---|
| 1-year return | -68.3% | -99.5% |
| 5-year return | -95.4% | -100.0% |
| Volatility (ann.) | 193.1% | 120.7% |
| Beta vs S&P 500 | -0.48 | 0.28 |
| Max drawdown (3Y) | -94.3% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EEIQ | RDGT |
|---|---|---|
| 2022 | -33.0% | -21.5% |
| 2023 | -11.8% | -93.9% |
| 2024 | -46.7% | -59.8% |
| 2025 | -78.7% | +61.0% |
| 2026 | -25.1% | -99.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEIQ and RDGT good diversifiers for each other?
Yes. With a correlation of -0.34, EEIQ and RDGT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EEIQ and RDGT?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.49 over the last year and -0.19 over 5 years.
Is RDGT a good diversifier for EEIQ?
Yes. With a correlation of -0.34, EEIQ and RDGT 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: EEIQ correlations · RDGT correlations
